Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 38H

Conditions of lease

38H. Conditions of lease



(1) A lease may be granted subject to such conditions as the Minister thinks
fit and are specified in the lease.

(2) The conditions referred to in subsection (1) may include conditions with
respect to work to be carried out by the lessee in or in relation to the lease
area during the term of the lease, or amounts to be expended by the lessee in
the carrying out of such work, or conditions with respect to both of those
matters, including conditions requiring the lessee to comply with directions
given in accordance with the lease concerning those matters.

(3) A lease shall be deemed to contain a condition that the lessee will,
within the period of 3 months after the receipt of a written notice from the
Minister requesting the lessee to do so or within such further period as the
Minister, on application in writing served on the Minister before the end of
the first-mentioned period, allows, re-evaluate the commercial viability of
petroleum production in the lease area (otherwise than by the drilling of
wells) and inform the Minister in writing of the results of the re-evaluation.

(4) Where a lessee has complied with two notices of the kind referred to in
subsection (3) during the term of the lease, the Minister shall not give to
the lessee during that term a further notice of that kind.