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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 577 Notice of application required for particular pipeline licences

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 577

Notice of application required for particular pipeline licences

577 Notice of application required for particular pipeline licences

(1) This section applies only if the petroleum authority is a pipeline licence through which fuel gas is transported.
(2) A surrender application can not be made for the authority unless the holder has, at least 3 months before the application is lodged, lodged a notice of the holder’s intention to make the application (an
"application notice" ).
(3) The application notice must state the reasons for the proposed surrender.
(4) The chief executive may, after the lodging of the application notice, give the holder notice requiring the holder to give the chief executive further relevant written information by a reasonable stated day.
(5) The holder must comply with the chief executive’s notice unless the holder has a reasonable excuse.
Penalty—
Maximum penalty for subsection (5) —500 penalty units.