Document ID: chunk:federal_register_of_legislation:C2015A00033:clause:1_29
Version: federal_register_of_legislation:C2015A00033
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 15748–16696

29  After subsection 188(1)
Insert:

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 subsection 169(3), apply under section 168 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 subsection 169(3).