Commonwealth Numbered Acts

OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 149

149.(1) If the provisional holder:

   (a)  is notified of a security requirement; and

   (b)  is dissatisfied with the amount of the security required; the
        provisional holder may ask the Joint Authority to make a new
        determination under section 399.

(2) The request must:

   (a)  be made within 30 days after the day on which the provisional holder
        is given notice under section 147; and

   (b)  be lodged with the Designated Authority.

(3) If the Joint Authority receives a request under subsection (1), the
Joint Authority may make a new determination under section 399.

(4) The Joint Authority must give the provisional holder written notice of the
new determination.