PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 81 Conditions for renewal application

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 81

81 Conditions for renewal application

(1) An authority to prospect holder may apply to renew the authority only if none of the following is outstanding—

(a) annual rent for the authority;

(b) a civil penalty under section 76 for nonpayment of annual rent;

(c) interest payable under section 588 on annual rent or a civil penalty;

(d) a royalty-related amount payable by the holder;

(e) security required for the authority, as required under section 488 .

(2) Also, the application can not be made—

(a) more than 60 business days before the end of the term of the authority; or

(b) after the authority has ended.