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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 58

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 58

58 .         Application fee etc. for s. 57 applications

        (1)         An application under section 57 shall be accompanied by —

            (a)         the prescribed fee; and

            (b)         a deposit —

                  (i)         if the applicant has specified an amount that he would be prepared to pay in respect of the grant of a licence to him on the application — of 10% of that amount; or

                  (ii)         if the Minister has, in the instrument by which applications were invited, stated an amount that the applicant will be required to pay in respect of the grant of a licence — of 10% of that amount.

        (2)         Where a licence is not granted on the application, the amount of the deposit shall, subject to subsection (3), be refunded to the applicant.

        (3)         Where an applicant on whom there has been served an instrument under subsection (1) of section 59 does not request the Minister, under subsection (6) of that section, to grant to him the licence referred to in the instrument, the deposit shall not be refunded to the applicant.

        [Section 58 amended: No. 69 of 1981 s. 34; No. 12 of 1990 s. 44; No. 42 of 2010 s. 37.]