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OFFSHORE MINERALS ACT 1994 - SECT 69 Extension of primary payment period

OFFSHORE MINERALS ACT 1994 - SECT 69

Extension of primary payment period

  (1)   If the provisional holder makes a request under section   67 or 68, the provisional 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 provisional holder is given notice under section   66.

  (3)   If the Designated Authority agrees to the request, the Designated Authority must:

  (a)   determine the period of the extension; and

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