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Offshore Petroleum and Greenhouse Gas Storage Act 2010
75Standard conditions of work-bid petroleum exploration permits and special petroleum exploration permits
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75 Standard conditions of work-bid petroleum exploration permits and special petroleum exploration permits
(1) Any or all of the following conditions may be specified in a work‑bid petroleum exploration permit or a special petroleum exploration permit—
(a) conditions requiring the permittee to carry out work in, or in relation to, the permit area (including conditions requiring the permittee to carry out the work during a period of 12 months or longer, or during periods each of which is 12 months or longer);
(b) conditions relating to the amounts that the permittee must spend in carrying out such work;
(2) Subsection (1) does not limit sections 74(1) or 77(3).