PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 799A Consequence of failure to comply with relinquishment requirement
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 799A
Consequence of failure to comply with relinquishment requirement799A Consequence of failure to comply with relinquishment requirement
(1) This section applies if—(a) noncompliance action taken is a requirement, under section 790 (1) (b) , of a petroleum authority holder; and(b) the requirement is not complied with.
(2) The holder must be given a notice requiring the holder to comply with the requirement under section 790 (1) (b) within 20 business days after the giving of the notice.
(3) If the holder does not comply with the requirement under the notice, the authority is cancelled.
(4) However, the cancellation does not take effect until the holder is given a notice stating that the authority has been cancelled because of the operation of subsection (3) .