Document ID: chunk:federal_register_of_legislation:C2012A00018:clause:2_4c
Version: federal_register_of_legislation:C2012A00018
Segment Type: clause
Provision Reference: sch 2 cl 4C
Character Range: 95585–96177

4C  Holding an interest—retention lease
  For the purposes of this Act, a person is taken to have held an interest in relation to a retention lease at a particular time if the person was, at that time, entitled to receive receipts from the sale of petroleum, or marketable petroleum commodities produced from petroleum, recovered from:
 (a) if the time is a time after the retention lease was granted—the retention lease area; or
 (b) if the time is a time before the retention lease was granted—the exploration permit area of the exploration permit to which the retention lease is related.