Document ID: chunk:federal_register_of_legislation:C2024C00828:section:54:p3
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 54 (pt 3/3)
Character Range: 192645–194580

the petroleum pool; and
 (f) the agreement contains a provision (the apportionment provision) that provides that, for the purposes of this section, there will be taken to be recovered in the title area of the title a specified proportion of the petroleum recovered from the specified part; and
 (g) assuming that petroleum were recovered from the specified part, the specified proportion would be consistent with such proportion of all petroleum so recovered as may reasonably be treated as being derived from the title area of the title, having regard to the nature and probable extent of the petroleum in the specified part; and
 (h) petroleum is recovered from the specified part through a well or wells in the title area of the title, the State title area, or both;
then:
 (i) for the purposes of this Act, there is taken to have been recovered in the title area of the title such proportion of all petroleum so recovered as is specified in the apportionment provision; and
 (j) subsection (1) does not apply to a petroleum pool located in the specified part.
 (1F) The question of whether there is or was a petroleum pool covered by paragraph (1E)(a) at a particular time is to be determined on the basis of information known at that time.
 (1G) The question of whether paragraph (1E)(g) applies is to be determined on the basis of information known at the time of the commencement of the apportionment provision.

Supreme Court
 (2) A reference in this section to a relevant Supreme Court is a reference to the Supreme Court of the State, or one of the States, in the offshore area of which the petroleum pool is wholly or partly situated.

Northern Territory
 (3) This section applies to the Northern Territory as if:
 (a) that Territory were a State; and
 (b) the responsible Northern Territory Minister were the responsible State Minister of that State.
Note: The offshore area of a State or Territory is defined by section 8.