Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 149

  (1)   If the provisional holder:

  (a)   is notified of a security requirement; and

  (b)   is dissatisfied with the amount of the security required;

the provisional holder may ask the Joint Authority to make a new determination under section   399.

  (2)   The request must:

  (a)   be made within 30 days after the day on which the provisional holder is given notice under section   147; and

  (b)   be lodged with the Designated Authority.

  (3)   If the Joint Authority receives a request under subsection   (1), the Joint Authority may make a new determination under section   399.

  (4)   The Joint Authority must give the provisional holder written notice of the new determination.