106Standard halving rules

106 Standard halving rules

(1) This section sets out the standard halving rules.

(2) This section applies to—

(a) an application for renewal of a cash‑bid petroleum exploration permit that is capable of being renewed; and

S. 106(2)(b) amended by No. 16/2018 s. 15(1)(a).

(b) an application for renewal that is covered by item 1, 2 or 3 of the table in section 105(2); and

S. 106(2)(c) inserted by No. 16/2018 s. 15(1)(b).

(c) an application for renewal that is covered by section 105A(1)(c).

S. 106(2A) inserted by No. 16/2018 s. 15(2).

(2A) Subsection (2) has effect subject to section 105(3).

(3) The maximum number of blocks in relation to which an application for a renewal of a permit may be made is worked out using the table—

| Maximum number of blocks | | | | Item | In this case... | the maximum number of blocks is... | | 1 | the number of non‑location blocks in relation to which the permit is in force is a number (the divisible number) that is divisible by 2 without remainder | one‑half of the divisible number. | | 2 | the number of non‑location blocks in relation to which the permit is in force is a number that is one less or one more than a number (the divisible number) that is divisible by 4 without remainder | one‑half of the divisible number. |

(4) Subsection (3) has effect subject to section 107.

(5) An application to renew a permit may include, in addition to the blocks worked out under subsection (3)—

(a) a block that is, or is included in, a location and in relation to which the permit is in force; or

(b) 2 or more blocks covered by paragraph (a).

non‑location block means a block that is neither a location nor included in a location.