Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a petroleum exploration permittee or a petroleum retention lessee applies for a suspension of any of the conditions to which the permit or lease is subject; and
(b) the permit or lease would, apart from this subsection, expire before the Joint Authority makes a decision on the application;
the permit or lease continues in force until the Joint Authority makes a decision on the application.
(2) If the Joint Authority refuses the application, the permit or lease continues in force until the end of:
(a) the period of 2 months that began when notice of the refusal was given to the permittee or lessee; or
(b) such longer period as the Joint Authority allows.
(3) If a petroleum exploration permit or a petroleum retention lease continues in force during a period under subsection (2), the permittee or lessee is not entitled to make an application during that period for a suspension of any of the conditions to which the permit or lease is subject.
(4) Subsections (1) and (2) have effect subject to this Chapter but despite:
(a) in the case of a petroleum exploration permit--section 102; and
(b) in the case of a petroleum retention lease--section 139.
Note: See the notes at the end of sections 102 and 139.