Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) an applicant has been given an offer document under section 154; and
(b) the applicant has made a request under section 260 in relation to the offer document within the period applicable under that section;
the Joint Authority must renew the petroleum retention lease.
Note: If the applicant does not make a request under section 260 within the period applicable under that section, the application lapses at the end of that period--see subsection 260(4).