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Offshore Petroleum and Greenhouse Gas Storage Act 2010
119Conditions of petroleum retention leases
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119 Conditions of petroleum retention leases
(1) The Minister may grant a petroleum retention lease subject to whatever conditions the Minister thinks appropriate.
(2) The conditions (if any) must be specified in the lease.
S. 119(3) inserted by No. 16/2018 s. 18.
(3) Subsection (1) does not apply to a petroleum retention lease granted under section 141A.