QLDIn ForceAct
Petroleum Act 1923
sec.74RConsequence of failure to comply with notice to lodge proposed later development plan
Start here
Get a plain-English read of sec.74R
Turn the raw legal text into a practical explanation grounded in Petroleum Act 1923.
### sec.74R Consequence of failure to comply with notice to lodge proposed later development plan
If a lessee does not comply with a requirement under section 74Q (5) (a) , the lease is cancelled.
However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (1) .
s 74R ins 2004 No. 26 s 46
(sec.74R-ssec.1) If a lessee does not comply with a requirement under section 74Q (5) (a) , the lease is cancelled.
(sec.74R-ssec.2) However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (1) .