PETROLEUM ACT 1998 - SECT 112 Partial surrender of authority
PETROLEUM ACT 1998 - SECT 112
Partial surrender of authority(1) The holder of an authority may apply to the Minister for the Minister's consent to the surrender of part of the area to which the authority applies.
(2) The Minister must not give her or his consent to the surrender of the part of the area unless she or he is satisfied that the holder of the authority has complied with all of the requirements listed in section 111(2) in respect of the part of the area.
(3) The Minister may make the giving of her or his consent conditional on the holder of the authority agreeing to the variation of the conditions that apply to the area that will be retained under the authority.
(4) Sections 111(3) and (4) also apply to applications for consent under this section.