Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 38F

Application for renewal of lease

38F. Application for renewal of lease



(1) A lessee may, from time to time, make an application to the Minister for
the renewal of the lease.

(2) An application for the renewal of a lease-



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   (b)  subject to subsection (3), shall be made in an approved manner not
        less than 6 months or more than 12 months before the day on which the
        lease ceases to be in force;

   (c)  shall be accompanied by particulars of-

   (i)  the proposals of the applicant for work and expenditure in respect of
        the lease area; and

   (ii) particulars of the commercial viability of recovery of petroleum from
        the lease at the time of the application and particulars of the
        possible future commercial viability of recovery of petroleum from the
        lease area; and

   (d)  shall be accompanied by the prescribed fee.





(3) The Minister may, for reasons that the Minister thinks sufficient, receive
an application for the renewal of the lease less than 6 months before, but not
in any case after, the day on which the lease ceases to be in force.

(4) Where an application has been made for the renewal of a lease, the
Minister may, at any time, by instrument in writing served on the lessee,
require the lessee to furnish, within the time specified in the instrument,
further information in writing in connexion with the application.