PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 242 Minister’s power to cancel arrangement

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 242

242 Minister’s power to cancel arrangement

(1) The Minister may, by complying with subsections (2) and (3) , cancel a coordination arrangement.

(2) If the Minister proposes to cancel the arrangement, the Minister must give each holder of a relevant lease a notice stating—

(a) that the Minister proposes to cancel the arrangement; and

(b) reasons for the proposed cancellation; and

(c) that the holder may lodge submissions within the stated period about the proposed cancellation or the likely impact of the cancellation on the relevant leases.

(3) Before cancelling the arrangement, the following must be considered—

(a) any submissions lodged by the holder within the stated period;

(b) the likely impact of the cancellation on the relevant leases;

(c) the public interest.

(4) If it is decided to cancel the arrangement, each of the holders must be given an information notice about the decision.

(5) The cancellation takes effect on the end of the appeal period for the decision to cancel, or if a later day of effect is stated in the information notice, on that day.

(6) When the decision takes effect, the arrangement and the Minister’s approval of it cease to have effect.