122ALimits on renewal of boundary‑change petroleum exploration permits

122A Limits on renewal of boundary‑change petroleum exploration permits

(1) If: (a) the grant of a boundary‑change petroleum exploration permit under subsection 118A(4) is consequential on a State/Territory petroleum exploration title ceasing to be in force as mentioned in paragraph 118A(2)(b) or (3)(b); and (b) the State/Territory petroleum exploration title was granted otherwise than by way of renewal; then: (c) the standard halving rules in section 123 apply to an application for the renewal of the permit mentioned in paragraph (a); and (d) an application must not be made for the renewal of the permit if the Joint Authority has previously granted a renewal of the permit mentioned in paragraph (a). (2) If: (a) the grant of a boundary‑change petroleum exploration permit under subsection 118A(4) is consequential on a State/Territory petroleum exploration title ceasing to be in force as mentioned in paragraph 118A(2)(b) or (3)(b); and (b) the State/Territory petroleum exploration title was granted by way of renewal; an application must not be made for the renewal of the permit mentioned in paragraph (a). (3) If a boundary‑change petroleum exploration permit was granted under subsection 118A(5), an application must not be made for the renewal of the permit.