Offshore Petroleum and Greenhouse Gas Storage Act 2010
107Additional rules relating to renewals of cash-bid petroleum exploration permits
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107 Additional rules relating to renewals of cash-bid petroleum exploration permits
(a) an application for renewal of a cash-bid petroleum exploration permit that is capable of being renewed; and
(b) an application for renewal that is covered by item 1, 2 or 3 of the table in section 105(2).
(2) An application cannot be made to renew a permit in relation to only one block.
(3) If a permit is in force in relation to 5 or 6 blocks, an application may be made to renew the permit in relation to 4 of those blocks.
(4) If a permit is in force in relation to 2, 3 or 4 blocks, an application may be made to renew the permit in relation to all those blocks.
(5) If a permit is renewed as a result of an application referred to in subsection (4), an application may not be made for the further renewal of the permit.