Commonwealth Consolidated Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 267

Extension of term of petroleum exploration permit or petroleum retention lease--suspension of rights

Scope

  (1)   This section applies if rights conferred by a petroleum exploration permit or petroleum retention lease are suspended under section   266.

Extension of term

  (2)   The Joint Authority may extend the term of the permit or lease by a period not more than the period of the suspension.

  (3)   The extension may be:

  (a)   in the notice of suspension; or

  (b)   by a later written notice given to the permittee or lessee.



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