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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 898 Consequence of failure to comply with notice to lodge proposed later development plan

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 898

Consequence of failure to comply with notice to lodge proposed later development plan

898 Consequence of failure to comply with notice to lodge proposed later development plan

(1) If a converted lease holder does not comply with a requirement under section 897(6)(a), the lease is cancelled.
(2) However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (1).