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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 973 Amending work programs

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 973

Amending work programs

973 Amending work programs

(1) This section applies if—
(a) after the commencement, an authority to prospect holder applies for approval of an amendment of a work program for the authority (a
"work program application" ) mentioned in section 59(1)(b); and
(b) before the commencement—
(i) a transfer of a share in the authority was approved under section 573; or
(ii) an application for approval of a transfer of a share in the authority was made under section 572 but had not been decided.
(2) Section 59(2)(d), as amended by the amending Act, applies in relation to the work program application as if a reference—
(a) in section 59(2)(d)(i) to an application under section 573C for approval of an assessable transfer relating to a share in the authority were a reference to an application for approval of a transfer of a share in the authority under former section 572; and
(b) in section 59(2)(d)(ii) to approval of the assessable transfer having been given under section 573D were a reference to the approval of a transfer of a share in the authority having been given under former section 573.