OFFSHORE MINERALS ACT 1994 - SECT 172 Extension of primary payment period

OFFSHORE MINERALS ACT 1994 - SECT 172

  (1)   If the licence holder makes a request under section   170 or 171, the holder may ask the Designated Authority to extend the primary payment period.

  (2)   The request must be made within 30 days after the day on which the holder is given notice under section   169.

  (3)   If the Designated Authority agrees to the request to extend the primary payment period, the Designated Authority must:

  (a)   determine the period of the extension in writing; and

  (b)   give the holder a written notice informing the holder of the period of the extension.