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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 447 Provisions of licence

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 447

Provisions of licence

447 Provisions of licence

(1) Each petroleum facility licence must state—
(a) its term and area; and
(b) if the facility the subject of the licence has not already been constructed—a day by which its holder must complete construction of the facility.
(2) The term must end no later than 30 years after the licence takes effect.
(3) The area of the licence must be the area that the Minister considers is the minimum area needed to adequately carry out the purpose of the petroleum facility or proposed petroleum facility.
(4) The licence may also state—
(a) conditions or other provisions of the licence, other than conditions or provisions that are—
(i) inconsistent with the mandatory conditions for petroleum facility licences; or
Note—
For mandatory conditions, see division 3 (Key mandatory conditions for petroleum facility licences) and chapter 5 , part 8 (General provisions for conditions and authorised activities).
(ii) the same as, or substantially the same as, or inconsistent with, any relevant environmental condition for the licence; and
(b) the day it takes effect.
(5) However, the provisions of the licence may exclude or restrict the carrying out of an authorised activity for the licence.
(6) If no day of effect is stated, the licence takes effect on the day it is granted.
(7) This section applies subject to section 447A .