OFFSHORE MINERALS ACT 1994 - SECT 176 General
OFFSHORE MINERALS ACT 1994 - SECT 176
General(1) The sources of obligations associated with a retention licence are:
(a) the licence conditions; and
(b) obligations arising from compliance directions given by the Designated Authority; and
(c) obligations imposed by this Act and the regulations.
Note: For paragraph ( a) see section 177. For paragraph ( b) see section 387. For paragraph ( c) see sections 177 to 185 and section 372.
(2) If a retention licence has 2 or more holders, all the
holders are jointly and severally bound by the obligations that attach to the
licence.