Document ID: chunk:federal_register_of_legislation:C2024C00828:section:265a
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 265A
Character Range: 634328–635710

265A  Extension of term of petroleum exploration permit or petroleum retention lease pending decision on application for suspension of conditions
 (1) If:
 (a) a petroleum exploration permittee or a petroleum retention lessee applies for a suspension of any of the conditions to which the permit or lease is subject; and
 (b) the permit or lease would, apart from this subsection, expire before the Joint Authority makes a decision on the application;
the permit or lease continues in force until the Joint Authority makes a decision on the application.
 (2) If the Joint Authority refuses the application, the permit or lease continues in force until the end of:
 (a) the period of 2 months that began when notice of the refusal was given to the permittee or lessee; or
 (b) such longer period as the Joint Authority allows.
 (3) If a petroleum exploration permit or a petroleum retention lease continues in force during a period under subsection (2), the permittee or lessee is not entitled to make an application during that period for a suspension of any of the conditions to which the permit or lease is subject.
 (4) Subsections (1) and (2) have effect subject to this Chapter but despite:
 (a) in the case of a petroleum exploration permit—section 102; and
 (b) in the case of a petroleum retention lease—section 139.
Note: See the notes at the end of sections 102 and 139.