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PETROLEUM (TIMOR SEA TREATY) ACT 2003 - SECT 22
Retrospective effect of authorities and production sharing contracts
If the Designated Authority determines that:
(a) an approval the Designated Authority grants to a person to prospect
for petroleum, or to undertake petroleum activities, in the JPDA; or
(b) a production sharing contract the Designated Authority enters into
with a person;
is to be taken to have had effect on and from
20 May 2002, the approval or contract is taken, for the purposes
of this Act, to have had effect on and from that day.
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