PETROLEUM ACT 1998 - SECT 54 Refund of deposits

PETROLEUM ACT 1998 - SECT 54

    (1)     The Minister must refund any deposit paid under section 51(c) by an applicant who is not granted a production licence.

    (2)     If, in the opinion of the Minister there are exceptional circumstances or the interests of fairness so require, she or he may refund the deposit of an applicant who is granted a licence, but who does not accept that grant.