(1) If:
(a) before 1 January 2016:
(i) a petroleum exploration permit was purportedly renewed under this Act; or
(ii) a petroleum retention lease was purportedly renewed under this Act; or
(iii) a fixed - term petroleum production licence was purportedly renewed under this Act; and
(b) the purported renewal would, apart from this subsection, be invalid because consent was not given under subsection 359(3) of the Environment Protection and Biodiversity Conservation Act 1999 ;
the purported renewal is as valid and effective, and is taken always to have been as valid and effective, as it would have been if:
(c) consent had been given under that subsection; and
(d) that consent had not been subject to any conditions.
(2) If:
(a) before 1 January 2016:
(i) the term of a petroleum exploration permit was purportedly extended under this Act; or
(ii) the term of a petroleum retention lease was purportedly extended under this Act; and
(b) the purported extension would, apart from this subsection, be invalid because consent was not given under subsection 359(3) of the Environment Protection and Biodiversity Conservation Act 1999 ;
the purported extension is as valid and effective, and is taken always to have been as valid and effective, as it would have been if:
(c) consent had been given under that subsection; and
(d) that consent had not been subject to any conditions.