PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 392AL Restrictions on giving overlapping authority priority

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 392AL

392AL Restrictions on giving overlapping authority priority

Overlapping authority priority may be recommended or given only if it is considered—

(a) either—

(i) it is unlikely the applicant and the overlapping permit holder will enter into—

(A) for a geothermal permit—a geothermal coordination arrangement; or

(B) for a GHG permit—a GHG coordination arrangement; or

(ii) an arrangement mentioned in subparagraph (i) for the proposed petroleum lease is not commercially or technically feasible; and

(b) the public interest would be best served by not granting a petroleum lease to the applicant first.