Document ID: chunk:federal_register_of_legislation:C2015A00033:clause:1_64
Version: federal_register_of_legislation:C2015A00033
Segment Type: clause
Provision Reference: sch 1 cl 64
Character Range: 40626–41537

64  At the end of section 122
Add:
 (3) Despite subsection (2):
 (a) the standard halving rules in section 123; and
 (b) the modified halving rules in section 124;
do not apply to an application for renewal of a petroleum exploration permit if:
 (c) the permit was granted on the basis that an area (the relevant area) was within the offshore area of a State or the Northern Territory; and
 (d) as a result of a change to the boundary of the coastal waters of the State or Territory, the relevant area:
 (i) ceased to be within the offshore area of the State or Territory; and
 (ii) fell within the coastal waters of the State or Territory; and
 (e) immediately before the change, the relevant area was a part of the permit area.
 (4) For the purposes of subsection (3):
 (a) disregard section 283; and
 (b) it is immaterial whether the change occurred before, at or after the commencement of this subsection.