PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 958
Land in a petroleum authority’s area taken before the commencement
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 958
Land in a petroleum authority’s area taken before the commencement
958 Land in a petroleum authority’s area taken before the commencement
(1)
This section applies if—
(a) land in a petroleum authority’s area was
taken under a resumption law before the commencement; and
(b) at the
commencement, the entity taking the land has not taken action indicating the
petroleum authority was extinguished (wholly or partly) when the land was
taken.
Examples of action for paragraph (b)—
• serving a copy of the
resumption notice for the taking of the land on the petroleum authority holder
(in the holder’s capacity as the holder of the authority)
• entering into
a resumption agreement under the ALA with the petroleum authority holder for
the taking of the land
• negotiating, or taking other action relating to,
the compensation payable to the petroleum authority holder for the taking of
the land
• paying compensation to the petroleum authority holder for the
taking of the land
• arranging for the taking of the land to be recorded in
the petroleum register against the petroleum authority
(2) The taking of
the land did not extinguish (wholly or partly) the petroleum authority or any
other petroleum interest relating to the authority.
(3) Subsection (2) does
not affect the ending of a petroleum interest (wholly or partly) in any other
way, including, for example—
(a) by the entity taking the land acquiring the
petroleum interest (wholly or partly) under a separate commercial agreement or
other arrangement with the holder of the interest; or
(b) by the petroleum
interest holder surrendering the interest (wholly or partly) under this Act.
