PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 39

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 39

39 .         Term of permit

        (1)         Subject to this Part, a permit remains in force —

            (a)         in the case of a permit granted otherwise than by way of the renewal of a permit — for a period of 6 years commencing on the day on which the permit is granted or, if a later day is specified in the permit as being the day on which the permit is to come into force, on that later day; and

            (b)         in the case of a permit granted by way of the renewal of a permit — for a period of 5 years commencing on the day on which the permit is granted or, if a later day is specified in the permit as being the day on which the permit is to come into force, on that later day.

        (1A)         Subject to this Part, a boundary-change permit granted under section 37B(5) remains in force for a period of 5 years commencing on the day on which the permit is granted.

        (1B)         Subject to this Part, a boundary-change permit granted under section 37B(6) remains in force for a period of 12 months commencing on the day on which the permit is granted.

        (2)         If —

            (a)         a permit in respect of a block or blocks cannot be renewed or further renewed; and

            (b)         before the time when the permit would, apart from this subsection, expire, the permittee has duly made an application to the Minister for the grant of a lease or licence in respect of the block, or one or more of the blocks, being a block or blocks that are included in a location,

                the permit continues in force in respect of the block or blocks to which the application relates until —

            (c)         if the Minister tells the permittee that the Minister is prepared to grant to the permittee a lease or licence in respect of the block, or one or more of the blocks — such a lease or licence is granted, the permittee withdraws the application or the application lapses; or

            (d)         if the Minister decides not to grant to the permittee such a lease — the end of the period of one year after the day of the service under section 48B(2) or (3A) of the instrument or notice refusing to grant the lease; or

            (e)         if the Minister decides not to grant the permittee such a licence — notice of the decision is served on the permittee.

        [Section 39 amended: No. 12 of 1990 s. 26; No. 28 of 1994 s. 14; No. 42 of 2010 s. 15; No. 7 of 2017 s. 9.]