Commonwealth Consolidated Acts Commonwealth Consolidated ActsScope
(1) This section applies if an application to renew a fixed - term petroleum production licence has been made under section 184.
Refusal on grounds of non - compliance with conditions
(2) If:
(a) any of:
(i) the conditions to which the petroleum production licence is, or has from time to time been, subject; or
(ii) the provisions of this Chapter, Chapter 4, Chapter 5A, Chapter 6 and Part 7.1; or
(iii) the provisions of the regulations;
have not been complied with; and
(b) the Joint Authority is not satisfied that there are sufficient grounds to warrant the renewal of the petroleum production licence;
the Joint Authority must, by written notice given to the applicant, refuse to renew the licence.
Note: Consultation procedures apply--see section 262.
Refusal on grounds of inactivity
(3) If:
(a) the application relates to a renewal other than the first renewal; and
(b) no petroleum recovery operations have been carried on in the licence area within 5 years before the application for the renewal was made;
the Joint Authority may, by written notice given to the applicant, refuse to renew the licence.
Refusal on other grounds
(4) The Joint Authority must, by written notice given to the applicant, refuse to renew the licence if the Joint Authority is not satisfied that the technical advice and financial resources available to the applicant are sufficient to:
(a) carry out the operations and works that will be authorised by the licence; and
(b) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the licence.
Note: Consultation procedures apply--see section 262.
(5) The Joint Authority may, by written notice given to the applicant, refuse to renew the licence if the Joint Authority is not satisfied of the matters (if any) prescribed by the regulations.
Note: Consultation procedures apply--see section 262.