Document ID: chunk:federal_register_of_legislation:C2015A00033:clause:1_42
Version: federal_register_of_legislation:C2015A00033
Segment Type: clause
Provision Reference: sch 1 cl 42
Character Range: 19448–20514

42  After subsection 132(7)
Insert:
 (7A) If:
 (a) the Joint Authority refuses to grant a petroleum retention lease in relation to a block or blocks forming part of a location; and
 (b) the reason, or one of the reasons, for the refusal is that:
 (i) the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(i); or
 (ii) the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(iii);
the Joint Authority must, by notice published in the Gazette, revoke the declaration of the location to the extent to which the declaration relates to:
 (c) if subparagraph (b)(i) of this subsection applies—the block or blocks in relation to which the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(i); or
 (d) if subparagraph (b)(ii) of this subsection applies—the block or blocks in relation to which the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(iii).
Note: For the grounds for granting a petroleum retention lease, see section 142.