PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175AA When holder may apply to change production commencement day

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175AA

175AA When holder may apply to change production commencement day

The holder of a petroleum lease may apply to change the production commencement day for the lease to a new day only if—

(a) the holder has a relevant arrangement in place to supply petroleum produced from the area of the lease; and

(b) the application is made no later than 1 year, or a shorter period prescribed by regulation, before the day by which petroleum production under the lease is to start.