PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 160 Consequence of failure to comply with notice to lodge proposed later development plan
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 160
Consequence of failure to comply with notice to lodge proposed later development plan160 Consequence of failure to comply with notice to lodge proposed later development plan
(1) If a petroleum lease holder does not comply with a requirement under section 159 (5) (a) , the lease is cancelled.
(2) However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (1) .