Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 38A

Application by permittee for lease

38A. Application by permittee for lease



(1) A permittee whose permit is in force in respect of a block that
constitutes, or the blocks that constitute, a location may, within the
application period, make an application to the Minister for the grant of a
lease in respect of that block, or in respect of one or more of those blocks,
as the case may be.

(2) An application under subsection (1)-



* * * * *



   (b)  shall be made in an approved manner;

   (c)  shall be accompanied by particulars of-

   (i)  the proposals of the applicant for work and expenditure in respect of
        the area comprised in the blocks specified in the application; and

   (ii) the commercial viability of the recovery of petroleum from the area
        comprised in the blocks specified in the application at the time of
        the application, and particulars of the possible future commercial
        viability of the recovery of petroleum from that area;



   (d)  may set out any other matters that the applicant wishes to be
        considered; and

   (e)  shall be accompanied by the prescribed fee.





(3) The Minister may, at any time, by instrument in writing served on the
applicant, require the applicant to furnish, within the time specified in the
instrument, further information in writing in connexion with the application.

(4) The application period in respect of an application under this section by
a permittee is-

   (a)  the period of 2 years after the date on which the block that
        constitutes the location concerned was, or the blocks that constitute
        the location concerned were, declared to be a location; or

   (b)  such other period, not less than 2 years or more than 4 years after
        that date, as the Minister, on application in writing by the
        permittee, served on the Minister before the end of the
        first-mentioned period of two years, allows.