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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 42A

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 42A

42A .         Certain permits cannot be renewed more than twice

        (1)         This section applies to a permit if —

            (a)         the permit was granted under section 32

                  (i)         on or after the day of the coming into operation of the Petroleum and Energy Legislation Amendment Act 2010 section 18 (the commencement day ); and

                  (ii)         as a result of an application made in response to an invitation in an instrument that was published under section 30(1) on or after the commencement day;

                or

            (b)         the permit was granted under section 37 on or after the commencement day.

        (2)         Despite sections 40(1) and 42, if a permit to which this section applies has been renewed twice —

            (a)         the permittee is not entitled to apply for a further renewal of the permit; and

            (b)         the Minister cannot grant a further renewal of the permit.

        [Section 42A inserted: No. 42 of 2010 s. 18.]