Offshore Petroleum and Greenhouse Gas Storage Act 2010
267Surrender of title
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267 Surrender of title
(1) This section applies if the Minister consents under section 266 to—
(a) the surrender, in whole or in part, of—
(ii) a petroleum production licence; or
(iii) a pipeline licence; or
(b) the surrender of—
(i) a petroleum retention lease; or
(ii) an infrastructure licence.
(2) The registered holder of the permit, lease or licence may, by written notice given to the Minister, surrender the whole or the part, as the case may be, of the permit, lease or licence.
(3) The surrender takes effect on the day on which notice of the surrender is published in the Government Gazette.
Division 2—Surrender of petroleum special prospecting authorities and petroleum access authorities