(1) If:
(a) a licence has been granted on the basis that an area (the first area ) is within the Commonwealth offshore area; and
(b) as a result of a change to the boundary of the coastal waters of a State or Territory, the first area:
(i) ceases to be within the Commonwealth offshore area; and
(ii) falls within the coastal waters of the State or Territory;
this Act applies in relation to the licence as if the first area were still within the Commonwealth offshore area.
(2) Subsection (1):
(a) continues to apply to the first area only:
(i) while the licence remains in force; or
(ii) in relation to remediation or decommissioning in the first area after the licence ceases to be in force; and
(b) does not apply in relation to an extension of the end day of the licence; and
(c) if the licence is a feasibility licence--does not apply in relation to an application for a commercial licence in respect of the licence area.