Offshore Petroleum and Greenhouse Gas Storage Act 2010
261Extension of term of petroleum exploration permit or petroleum retention lease—suspension or exemption
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261 Extension of term of petroleum exploration permit or petroleum retention lease—suspension or exemption
(1) This section applies if, under section 260, the Minister—
(a) suspends any of the conditions to which a petroleum exploration permit or petroleum retention lease is subject; or
(b) exempts a petroleum exploration permittee or petroleum retention lessee from compliance with any of the conditions to which the permit or lease is subject.
(2) Despite section 260(3), if the Minister considers that the circumstances make it reasonable to do so, the Minister may extend the term of the permit or lease by a period not more than the period of the suspension or exemption.
(a) in the notice of suspension or exemption; or