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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


             (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


             (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.