QLDIn ForceAct
Petroleum Act 1923
sec.74DSub-blocks that can not be counted towards relinquishment
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### sec.74D Sub-blocks that can not be counted towards relinquishment
The following can not be counted as sub-blocks relinquished for the relinquishment condition—
sub-blocks relinquished under a condition imposed under section 25J (6) ;
sub-blocks in an area that, under section 20 , has ceased to be included in the area of an authority to prospect;
sub-blocks the subject of a lease application or an application for a 2004 Act lease;
sub-blocks relinquished under a penalty relinquishment.
In this section—
penalty relinquishment means a relinquishment that is—
made under section 74J or under a requirement under section 80T (1) (b) ; and
more than the sub-blocks required to be relinquished under the relinquishment condition.
s 74D ins 2004 No. 26 s 46
(sec.74D-ssec.1) The following can not be counted as sub-blocks relinquished for the relinquishment condition— sub-blocks relinquished under a condition imposed under section 25J (6) ; sub-blocks in an area that, under section 20 , has ceased to be included in the area of an authority to prospect; sub-blocks the subject of a lease application or an application for a 2004 Act lease; sub-blocks relinquished under a penalty relinquishment.
(sec.74D-ssec.2) In this section— penalty relinquishment means a relinquishment that is— made under section 74J or under a requirement under section 80T (1) (b) ; and more than the sub-blocks required to be relinquished under the relinquishment condition.
- (a) sub-blocks relinquished under a condition imposed under section 25J (6) ;
- (b) sub-blocks in an area that, under section 20 , has ceased to be included in the area of an authority to prospect;
- (c) sub-blocks the subject of a lease application or an application for a 2004 Act lease;
- (d) sub-blocks relinquished under a penalty relinquishment.
- (a) made under section 74J or under a requirement under section 80T (1) (b) ; and
- (b) more than the sub-blocks required to be relinquished under the relinquishment condition.