Document ID: chunk:federal_register_of_legislation:C2024C00828:section:152a:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 152A (pt 1/2)
Character Range: 378512–381141

152A  Grant of petroleum retention lease as a result of a change to the boundary of the coastal waters of a State or Territory

Scope
 (1) This section applies if:
 (a) a State/Territory petroleum retention title has been granted by a State or the Northern Territory on the basis that an area (the relevant area) is within the coastal waters of the State or Territory; and
 (b) as a result of a change to the boundary of the coastal waters of the State or Territory, the relevant area:
 (i) ceases to be within the coastal waters of the State or Territory; and
 (ii) falls within the offshore area of the State or Territory; and
 (c) either:
 (i) the conditions set out in subsection (2) are satisfied; or
 (ii) the conditions set out in subsection (3) are satisfied; and
 (d) there are one or more section 33 blocks (the relevant section 33 blocks) that:
 (i) correspond to the section 33 blocks that were covered by the State/Territory petroleum retention title immediately before the change; and
 (ii) are in the offshore area of the State or Territory; and
 (iii) are not the subject of a variation under section 267A.
 (2) The conditions mentioned in subparagraph (1)(c)(i) are:
 (a) one or more, but not all, of the section 33 blocks that were covered by the State/Territory petroleum retention title immediately before the change are in the relevant area; and
 (b) the title subsequently ceases to be in force at the same time (the relevant time):
 (i) as to all of the section 33 blocks that were covered by the title immediately before the change and that are in the coastal waters of the State or Territory; and
 (ii) otherwise than as the result of the cancellation or surrender of the title.
 (3) The conditions mentioned in subparagraph (1)(c)(ii) are:
 (a) all of the section 33 blocks that were covered by the State/Territory petroleum retention title immediately before the change are in the relevant area; and
 (b) the title subsequently ceases to be in force at the same time (the relevant time):
 (i) as to all of the section 33 blocks that were covered by the title immediately before the change; and
 (ii) otherwise than as the result of the cancellation or surrender of the title.

Grant of lease
 (4) The Joint Authority is taken:
 (a) to have granted the holder of the State/Territory petroleum retention title a petroleum retention lease over the relevant section 33 blocks; and
 (b) to have done so immediately after the relevant time mentioned in whichever of subsection (2) or (3) is applicable.
Note: For the duration of the petroleum retention lease, see subsection 139(1A).

Deemed section 33 block