Document ID: chunk:federal_register_of_legislation:C2012C00849:clause:1_3c
Version: federal_register_of_legislation:C2012C00849
Segment Type: clause
Provision Reference: sch 1 cl 3C
Character Range: 3971–4565

3C  Subsection 10(2)
Repeal the subsection, substitute:
 (2) If petroleum has been recovered by the registered holder of:
 (a) a petroleum exploration permit; or
 (b) a petroleum retention lease; or
 (c) a petroleum production licence;
royalty under this Act is not payable in relation to the petroleum because of that recovery if:
 (d) the State Minister is satisfied that the petroleum has been returned to a natural reservoir; and
 (e) the return of the petroleum to the reservoir did not contravene the Offshore Petroleum and Greenhouse Gas Storage Act 2006 or regulations under that Act.