PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 66
PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 66
66—Term of pipeline licence
(1) Subject to this
Part, a pipeline licence remains in force—
(a) for
a period of 21 years; or
(b)
where the Minister is of the opinion that having regard to the dates of
expiration of the licences that relate to the licence areas from which
petroleum is, or is to be, conveyed by means of the pipeline, it is not
necessary for the pipeline licence to remain in force for a period of
21 years—for such period less than 21 years as the Minister
determines and specifies in the pipeline licence.
(2) A pipeline licence
comes into force on the day on which the pipeline licence is granted or, if a
later day is specified in the pipeline licence as being the day on which the
pipeline licence is to come into force, on that later day.