PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 924
Conversion of unitisation arrangement or unit development agreement to coordination arrangement
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 924
Conversion of unitisation arrangement or unit development agreement to coordination arrangement
924 Conversion of unitisation arrangement or unit development agreement to
coordination arrangement
(1) This section applies to a unit development
agreement approved under the 1923 Act, section 102(2) or unitisation
arrangement under that Act, if the agreement or arrangement was in force
immediately before 31 December 2004.
(2) On 31 December 2004, the agreement
or arrangement is taken to be a coordination arrangement approved under
section 236.
(3) The parties to the agreement or arrangement are the parties
to the coordination arrangement.
(4) For the Trade Practices Act 1974
(Cwlth), the approval and authority under section 63(5) of that Act, as in
force immediately before 31 December 2004, continues for the unitisation
arrangement.
