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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 368 Cessation of relinquishment condition for area not overlapping with coal or oil shale exploration tenement

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 368

Cessation of relinquishment condition for area not overlapping with coal or oil shale exploration tenement

368 Cessation of relinquishment condition for area not overlapping with coal or oil shale exploration tenement

If—

(a) a petroleum lease contains a relinquishment condition; and
(b) all or part of the area of the lease ceases to be in the area of a coal or oil shale exploration tenement (the
"relevant land" );
the condition ceases to apply for the relevant land.