PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43DB

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43DB

43DB .         Application continued after withdrawal of joint applicant

                If —

            (a)         a drilling reservation application was a joint application; and

            (b)         all of the joint applicants, by written notice served on the Minister, inform the Minister that one or more, but not all, of them, as specified in the notice, withdraw from the application,

                the following paragraphs have effect —

            (c)         the application continues in force as if it had been made by the remaining applicant or applicants;

            (d)         if the Minister had informed the joint applicants to the effect that the Minister was prepared to grant to the applicants a drilling reservation in respect of the block or blocks to which the application relates, the Minister is taken not to have informed the applicants to that effect.

        [Section 43DB inserted: No. 42 of 2010 s. 21.]