PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 173
Deciding application
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 173
Deciding application
173 Deciding application
(1) The Minister may make or refuse to make the
division.
(2) However—
(a) before deciding to make the division, the
Minister must decide whether to approve the proposed later development plans
for the new leases; and
(b) the division can not be made unless—
(i) the
proposed plans have been approved; and
(ii) the applicant has established 1
of the matters mentioned in section 121(2) for each proposed lease; and
(iii) each proposed holder of the new leases satisfies the capability
criteria; and
(iv) the Minister is satisfied the applicant continues to
satisfy any special criteria that applied for deciding the application for the
original lease; and
(v) the
Minister is satisfied the applicant has substantially complied with the
original lease.
(3) The matters that may be considered in making the division
include the development plan for the original lease, the proposed later
development plans and the capability criteria.
(4) The Minister may, as a
condition of making the division, require the applicant to, under section 488, give security or additional security for all or any of the new leases within
a stated reasonable period.
(5) If the applicant does not comply with the
requirement, the division may be refused.
