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Schedule 5—Variation of petroleum access authority

Schedule 5 Variation of petroleum access authority

   

Offshore Petroleum and Greenhouse Gas Storage Act 2006

1  Section 246

Before “The”, insert “(1)”.

2  At the end of section 246

Add:

             (2)  A variation of the petroleum access authority may be made:

                     (a)  on the application of the registered holder; or

                     (b)  on the Titles Administrator’s own initiative.

             (3)  An application for a variation of the petroleum access authority must:

                     (a)  set out the proposed variation; and

                     (b)  specify the reasons for the proposed variation.

3  Paragraph 255(1)(g)

After “the grant”, insert “or variation”.

4  At the end of section 695L

Add:

             (4)  Sections 256 and 427 do not limit, and are taken never to have limited, subsection (1) of this section.

             (5)  Subsection (4) is enacted for the avoidance of doubt.