Document ID: chunk:federal_register_of_legislation:C2024C00828:clause:4_8:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: clause
Provision Reference: sch 4 cl 8 (pt 1/2)
Character Range: 2373031–2375769

8  Revocation of petroleum exploration permit or petroleum retention lease to the extent to which it relates to a block not taken up

Permittee does not apply for a petroleum production licence or a petroleum retention lease
 (1) If:
 (a) a petroleum exploration permittee could apply under clause 2 in relation to a block; and
 (b) the permittee does not:
 (i) within the application period mentioned in subclause 3(1), make the application; or
 (ii) within the application period mentioned in subsection 141(3), apply under section 141 for a petroleum retention lease;
then:
 (c) the petroleum exploration permit is revoked to the extent to which it relates to that block; and
 (d) the revocation has effect at the end of whichever is the later of the application periods mentioned in paragraph (b).

Permittee does not apply for a petroleum production licence
 (1A) If:
 (a) a petroleum exploration permittee applies under section 141 for a petroleum retention lease in relation to a block or blocks; and
 (b) a notice refusing to grant the petroleum retention lease is given to the permittee under section 143; and
 (c) the reason for the refusal is that the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(ii); and
 (d) after the section 143 notice is given, the permittee does not, within the application period mentioned in subclause 3(3), apply under clause 2 for a petroleum production licence in relation to that block or those blocks;
then:
 (e) the petroleum exploration permit is revoked to the extent to which it relates to that block or those blocks; and
 (f) the revocation has effect at the end of the application period mentioned in subclause 3(3).

Permittee's application lapses
 (2) If all applications made by a petroleum exploration permittee under clause 2 in relation to a block have lapsed:
 (a) the petroleum exploration permit is revoked to the extent to which it relates to that block; and
 (b) the revocation has effect:
 (i) at the end of the application period; or
 (ii) on the lapsing of the last of the applications;
  whichever is the later.

Lessee's application lapses
 (3) If all applications made by a petroleum retention lessee under clause 4 in relation to a block have lapsed:
 (a) the petroleum retention lease is revoked to the extent to which it relates to that block; and
 (b) the revocation has effect on the lapsing of the last of those applications.

Application for secondary petroleum production licence
 (4) Despite subclauses (1), (2) and (3), if a petroleum exploration permittee or lessee applies for a secondary petroleum production licence:
 (a) the petroleum exploration permit or petroleum retention lease is revoked to the extent to which it