PETROLEUM (ONSHORE) ACT 1991 - SECT 42 Grant of production lease

PETROLEUM (ONSHORE) ACT 1991 - SECT 42

42 Grant of production lease

(1) A production lease may be granted only to an applicant who has held the land concerned under an exploration licence or an assessment lease, unless the Minister, by notice published in the Gazette, has invited applications for a production lease in respect of the area concerned.

(2) A person who has held the land concerned under an exploration licence or assessment lease is entitled to be granted a production lease in respect of the land if--

(a) the person has complied with the terms and conditions of the licence or lease, and

(b) to grant the production lease would not contravene the Environmental Planning and Assessment Act 1979 or any other Act, and

(c) the person accepts the conditions of the lease.