265AExtension of term of petroleum exploration permit or petroleum retention lease pending decision on application for suspension of conditions

#### 265A Extension of term of petroleum exploration permit or petroleum retention lease pending decision on application for suspension of conditions (1) If: (a) a petroleum exploration permittee or a petroleum retention lessee applies for a suspension of any of the conditions to which the permit or lease is subject; and (b) the permit or lease would, apart from this subsection, expire before the Joint Authority makes a decision on the application; the permit or lease continues in force until the Joint Authority makes a decision on the application. (2) If the Joint Authority refuses the application, the permit or lease continues in force until the end of: (a) the period of 2 months that began when notice of the refusal was given to the permittee or lessee; or (b) such longer period as the Joint Authority allows. (3) If a petroleum exploration permit or a petroleum retention lease continues in force during a period under subsection (2), the permittee or lessee is not entitled to make an application during that period for a suspension of any of the conditions to which the permit or lease is subject. (4) Subsections (1) and (2) have effect subject to this Chapter but despite: (a) in the case of a petroleum exploration permit—section 102; and (b) in the case of a petroleum retention lease—section 139. > Note: See the notes at the end of sections 102 and 139.