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PETROLEUM (ONSHORE) ACT 1991 - SECT 106H Minimum deposit

PETROLEUM (ONSHORE) ACT 1991 - SECT 106H

Minimum deposit

106H Minimum deposit

(1) The
"minimum deposit" for a petroleum title is the amount prescribed by the regulations as the minimum deposit in relation to the type of petroleum title concerned.
(2) A change to the minimum deposit for a petroleum title does not affect the validity of a security deposit condition imposed or varied before the change takes effect.