PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 540 Ownership afterwards

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 540

540 Ownership afterwards

(1) Section 539 applies and continues to apply for the pipeline, and for any subsequent pipeline licence for the pipeline, if the petroleum tenure or pipeline licence ends or the land on which the pipeline is constructed ceases to be in the area of the petroleum tenure or licence.

(2) However, the section is subject to—

(a) section 580 ; and

(b) any condition of the former petroleum tenure or any takeover or other condition of the former licence.

(3) Also, if the pipeline is decommissioned under section 559 the petroleum tenure or licence holder, or former petroleum tenure or licence holder, may dispose of it to anyone else.