61Withdrawal of recovery rate approval

61  Withdrawal of recovery rate approval

 (1) Subject to subsection (2), the Joint Authority may withdraw a petroleum production licensee’s recovery rate approval if any of the following grounds for withdrawal apply:

 (a) the licensee has failed to recover petroleum in accordance with the recovery rate approval;

 (b) the licensee has failed to comply with a condition to which the recovery rate approval was subject;

 (c) the licensee has failed to comply with a provision of the Act or this instrument;

 (d) the licensee has failed to comply with any direction given under the Act.

 (2) The Joint Authority must not withdraw the recovery rate approval if:

 (a) the purported grounds for withdrawal are mentioned in either paragraph (1)(a) or (b); and

 (b) the grounds arose because the licensee was acting in accordance with a permission granted by the Joint Authority under section 65.

Note: Under section 65, the Titles Administrator may grant permission for a petroleum production licensee to recover petroleum at a different rate to that approved under section 60.