PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 122 Exception for particular relevant arrangements

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 122

122 Exception for particular relevant arrangements

Despite section 120 , the application may be refused if the Minister—

(a) is not satisfied of a matter under section 121 (2) (a) or (c) ; and

(b) is satisfied the applicant has entered into a relevant arrangement, but the Minister reasonably believes—

(i) the arrangement is not an arms-length commercial transaction; or

(ii) supply under the arrangement is unlikely to be carried out.