In this
Part —
commencement day means the day on which this Part
comes into operation;
existing recovery operation means the recovery of
petroleum from a petroleum pool in a licence area undertaken by a licensee
before commencement day that continues on or after that day;
existing well activity means a well activity
undertaken by a title holder before commencement day that continues on or
after that day;
transitional period means the period of
12 months beginning on commencement day.