PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 102 Effect of ending of declaration of potential commercial area

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 102

102 Effect of ending of declaration of potential commercial area

(1) This section applies if all or part of the area of an authority to prospect is a potential commercial area and the declaration of the potential commercial area ends more than 12 years after the authority originally took effect.

(2) If the declaration applied to a part of the area of the authority, the part ceases to be included in its area.

(3) If the declaration applies to all of the area of the authority, the authority ends.

Note—

If the declaration ends less than 12 years after the authority originally took effect, see section 94 .