Offshore Petroleum and Greenhouse Gas Storage Act 2010
271Cancellation of title
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271 Cancellation of title
| Cancellation | | | | Item | If there is a ground for cancelling... | the Minister may, by written notice given to the registered holder,... | | 1 | a petroleum exploration permit | cancel the permit as to some or all of the blocks in relation to which the permit is in force. | | 2 | a petroleum retention lease | cancel the lease as to all of the blocks in relation to which the lease is in force. | | 3 | a petroleum production licence | cancel the licence as to some or all of the blocks in relation to which the licence is in force. | | 4 | an infrastructure licence | cancel the licence. | | 5 | a pipeline licence | cancel the pipeline licence as to the whole or a part of the pipeline in relation to which the licence is in force. |
Consultation procedures apply—see section 272.
(2) In exercising a power conferred by subsection (1), the Minister must take into account any action taken by the registered holder—
(a) to remove the ground of cancellation; or
(b) to prevent the recurrence of similar grounds.
(3) A cancellation takes effect on the day on which notice of the cancellation is published in the Government Gazette.