Offshore Petroleum and Greenhouse Gas Storage Act 2010
262Suspension of rights—petroleum exploration permit or petroleum retention lease
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262 Suspension of rights—petroleum exploration permit or petroleum retention lease
(1) If the Minister is satisfied that it is necessary to do so in the national interest, the Minister must, by written notice given to a petroleum exploration permittee or petroleum retention lessee, suspend, either—
(a) for a specified period; or
(b) indefinitely—
any or all of the rights conferred by the permit or lease.
(2) If any rights are suspended under subsection (1), any conditions that must be complied with in the exercise of those rights are also suspended.
(3) The Minister may, by written notice given to the permittee or lessee, terminate a suspension of rights under subsection (1).