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Petroleum (Submerged Lands) Amendment Bill 2002
Schedule 1 Amendment of the Petroleum (Submerged Lands) Act 1967

   

1  Subsection 30(1)

Omit “section 31”, substitute “sections 31 and 31A”.

2  At the end of section 31

Add:

Note:          The operation of this section is affected by a saving provision set out in item 32 of Schedule 1 to the Petroleum (Submerged Lands) Legislation Amendment Act (No. 1) 2000 . The saving provision applies in relation to the first application after the commencement of item 31 of that Schedule (on 7 March 2000) for the renewal of a permit that was granted before that commencement.

3  After section 31

Insert:

31A   Certain permits cannot be renewed more than twice

Scope

             (1)  This section applies to an application for the renewal of a permit, where:

                     (a)  the original permit was granted under section 22:

                              (i)  on or after 1 January 2003; and

                             (ii)  as a result of an application made in response to an invitation in an instrument that was published under subsection 20(1) on or after 1 January 2003; or

                     (b)  the original permit was granted under section 27 on or after 1 January 2003.

Permit cannot be renewed more than twice

             (2)  A permittee must not make the application if it could result in the original permit being renewed more than twice.

4  Subsection 38H(4)

Omit “2 notices”, substitute “a notice”.

5  Transitional—section 38H of the Petroleum (Submerged Lands) Act 1967

If, before the commencement of this item:

                     (a)  a lessee had already complied with a notice of the kind referred to in paragraph 38H(3)(b) of the Petroleum (Submerged Lands) Act 1967 during the term of the lease; and

                     (b)  the Designated Authority had given to the lessee during that term a further notice of that kind; and

                     (c)  the lessee had not complied with the further notice;

the Petroleum (Submerged Lands) Act 1967 has effect, after the commencement of this item, as if the Designated Authority had not given the further notice.

(115/02)

 

 

 

 

[ Minister’s second reading speech made in—

House of Representatives on 15 May 2002

Senate on 19 June 2002 ]