Offshore Minerals Act 1999
172Extension of primary payment period
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172 Extension of primary payment period
172 Extension of primary payment period
(1) If the licence holder makes a request under section 170 or 171, the holder may ask the Minister to extend the primary payment period.
(2) The request must be made within 30 days after the day on which the holder is given notice under section 169.
(3) If the Minister agrees to the request to extend the primary payment period, the Minister must:
(a) determine the period of the extension, and
(b) give the holder a written notice informing the holder of the period of the extension.