149ATime limit for making decision about grant of petroleum retention lease

#### 149A Time limit for making decision about grant of petroleum retention lease (1) The Joint Authority must make a decision under section 148 or 149, in relation to an application under section 147, within the period that: (a) begins when the application was made; and (b) runs for: (i) if a written agreement between the applicant and the Joint Authority in relation to the application specifies a number of days for the purposes of this subparagraph—that number of days; or (ii) if no such agreement is in force—the prescribed number of days. (2) If the Titles Administrator, by written notice under subsection 258(2), requires the applicant to give further information in connection with the application, the period referred to in subsection (1) of this section is extended by one day for each day during the period: (a) beginning on the day on which the notice is given; and (b) ending when the applicant gives the Titles Administrator the information. (3) The Joint Authority is not required to comply with subsection (1) unless a number of days is prescribed for the purposes of subparagraph (1)(b)(ii). (4) The applicant and the Joint Authority may vary or terminate an agreement referred to in subparagraph (1)(b)(i). (5) A failure to comply with subsection (1) in relation to a decision does not affect the validity of the decision. > Note: See also sections 286B and 286C.