PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 54A

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 54A

54A .         Application of s. 51 to 54 where permit etc. transferred

                Where —

            (a)         after an application has been made —

                  (i)         under section 50 for the grant of a licence in respect of a block or blocks in respect of which a permit or drilling reservation is in force; or

                  (ii)         under section 50A for the grant of a licence in respect of a block or blocks in respect of which a lease is in force;

                and

            (b)         before a decision has been made by the Minister under section 53(1) in relation to the application,

                a transfer of the permit, drilling reservation or lease, as the case may be, is registered under section 72, then, after the time of the transfer sections 51 to 54 have effect in relation to the application as if any reference in those sections to the applicant were a reference to the transferee.

        [Section 54A inserted: No. 28 of 1994 s. 28.]