Document ID: chunk:federal_register_of_legislation:C2024C00828:clause:3_8a
Version: federal_register_of_legislation:C2024C00828
Segment Type: clause
Provision Reference: sch 3 cl 8A
Character Range: 2194810–2196755

8A  When a petroleum title is derived from another petroleum title

Petroleum production licences
 (1) For the purposes of this Schedule, if a petroleum production licence was granted to the registered holder of:
 (a) a petroleum retention lease; or
 (b) a petroleum exploration permit;
that was in force over the block or blocks to which the licence relates, the licence is derived from:
 (c) the lease or permit; and
 (d) each petroleum title from which the lease or permit referred to in paragraph (c) was derived.

Petroleum retention leases
 (2) For the purposes of this Schedule, if a petroleum retention lease was granted to the registered holder of:
 (a) a petroleum exploration permit; or
 (b) a petroleum production licence;
that was in force over the block or blocks to which the lease relates, the lease is derived from:
 (c) the permit or licence; and
 (d) each petroleum title from which the permit or licence referred to in paragraph (c) was derived.

Renewals
 (3) For the purposes of this Schedule, if there is a series of one or more renewals of a petroleum title, each petroleum title in that series is derived from:
 (a) each of the earlier petroleum titles in that series; and
 (b) each petroleum title from which each of those earlier petroleum titles was derived.
For this purpose, the series includes the original petroleum title.

Application
 (4) Subclauses (1) and (2) apply to a grant, whether occurring before, at or after the commencement of this clause.
 (5) Subclause (3) applies to a renewal, whether occurring before, at or after the commencement of this clause.
 (6) For the purposes of the application of this clause to the grant of:
 (a) a petroleum production licence; or
 (b) a petroleum retention lease;
that occurred before the commencement of Chapter 2, a reference to a registered holder is a reference to a registered holder (within the meaning of the repealed Petroleum (Submerged Lands) Act 1967).