Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 130

Requirement to nominate

  (1)   If:

  (a)   the Joint Authority is of the opinion that a petroleum exploration permittee is entitled to nominate a block or blocks under subsection   129(1) or (2); and

  (b)   the permittee has not done so;

the Joint Authority may, by written notice given to the permittee, require the permittee to nominate the block or blocks within:

  (c)   90 days after the day on which the notice was given; or

  (d)   such longer period, not more than 180 days after the day on which the notice was given, as the Joint Authority allows.

  (2)   The Joint Authority may allow a longer period under paragraph   (1)(d) only on written application made by the permittee within the period of 90 days mentioned in paragraph   (1)(c).

Consequences of non - compliance

  (3)   If the permittee does not comply with the requirement, the Joint Authority may, by written notice given to the permittee, nominate the block or blocks for declaration as a location.