(1)  The scheme agreed on between the Government of the Commonwealth, the States, and the Northern Territory, being the scheme set out in Schedule 3 , so far as that scheme relates to the operation of this Act, has effect by virtue of this section.

(2)  For the purposes of the scheme set out in Schedule 3 in relation to its application to Tasmania –

(a) a reference to the State Act is a reference to this Act; and

(b) a reference to the designated authority is a reference to the Minister.

(3)  A reference to the designated authority in a new permit (within the meaning of the scheme set out in Schedule 3 ) or a new pipeline licence (within the meaning of that scheme) shall for the purposes of that permit or pipeline licence and this Act be read as a reference to the Minister.

(3A)  The regulations may make provision for any transitional matters arising out of the amendments made to this Act by the Petroleum (Submerged Lands) Amendment Act 2004 .

(4)  The transitional provisions set out in Schedule 4 have effect by virtue of this section.