Commonwealth Numbered Acts

PETROLEUM (SUBMERGED LANDS) AMENDMENT ACT 1985 No. 80, 1985 - SECT 11

11. (1) Section 46 of the Principal Act is amended -
(a) by omitting from paragraph (1) (a) "section 40" and substituting
    "section 39A or 40";


   (b)  by omitting paragraph (1) (b) and substituting the following
paragraph:

"(b) an application made by a permittee under section 39A in
respect of a block lapses or all applications made by a
permittee under section 40 in respect of a block have lapsed,";
and

   (c)  by omitting from sub-paragraph (1) (d) (ii) "the last of the
applications" and substituting "the application, or of the last of the
applications,".

(2) Section 46 of the Principal Act is amended -

   (a)  by inserting after sub-section (1) the following sub-sections:

"(1A) Where an application made by a lessee under section 40A in
respect of a block lapses, the lease is determined as to that block. "(1B)
Subject to sub-section (2), where all applications made by a
lessee under section 40B in respect of a block have lapsed, the lease is
determined as to that block and the determination has effect upon the
lapsing of the last of those applications."; and

   (b)  by adding at the end the following sub-sections:

"(5) Where a lease is granted in respect of a block or blocks forming
part of a location, the Designated Authority shall, by instrument
published in the Gazette, revoke the declaration made under
sub-section 37 (1) to the extent that it relates to the block or blocks
that is or are not within the lease area.

"(6) Where -

   (a)  the Joint Authority refuses to grant a lease in respect of a block
or blocks constituting or forming part of a location; and

   (b)  the reason, or one of the reasons, for the refusal is that the Joint
Authority is not satisfied as to the matter referred to in
sub-paragraph 38B (1) (c) (ii),
the Designated Authority shall, by instrument published in the
Gazette, revoke the declaration made under sub-section 37 (1) in
respect of that location.".