PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 216
State property in stored petroleum or prescribed storage gas to extent claims are not upheld
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 216
State property in stored petroleum or prescribed storage gas to extent claims are not upheld
216 State property in stored petroleum or prescribed storage gas to extent
claims are not upheld
(1) If, under section 215, it is decided that no
claimant owned any of the stored petroleum or prescribed storage gas, the gas
is taken to have become the property of the State immediately after the old
lease ended.
(2) If, under section 215, it is decided that no claimant owned
part of the stored petroleum or prescribed storage gas, that part is taken to
have become the property of the State immediately after the old lease ended.
