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.]