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Offshore Petroleum and Greenhouse Gas Storage Act 2010
76Restrictions on conditions of cash-bid petroleum exploration permits
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76 Restrictions on conditions of cash-bid petroleum exploration permits
Despite section 74(1), a cash‑bid petroleum exploration permit must not be granted subject to conditions requiring the permittee to—
(a) carry out work in, or in relation to, the permit area; or
(b) spend particular amounts on the carrying out of work in, or in relation to, the permit area.
A grant of a permit may be a grant by way of renewal—see section 11.