sec.75QATransfer of water observation bore to State

### sec.75QA Transfer of water observation bore to State A 1923 Act petroleum tenure holder may transfer a water observation bore in the area of the tenure to the State if— the holder gives the chief executive a notice, in the approved form, offering to transfer the bore to the State; and the chief executive receives the notice no later than 60 business days before the holder must, as required under section 75U , decommission the bore; and the chief executive, within 20 business days after receiving the notice, gives the holder notice that the State consents to the transfer. The approved form must require a statement by the holder transferring the bore that— if the bore was drilled under section 75K , section 75K has been complied with for the bore; or if the bore has been converted from a well under section 75L — section 75L has been complied with for the bore. If the chief executive gives the holder a notice under subsection (1) (c) , the notice must state the day the transfer takes effect. If the chief executive does not give the holder a notice under subsection (1) (c) , the holder must, as required under section 75U , decommission the bore. s 75QA ins 2018 No. 24 s 188 (sec.75QA-ssec.1) A 1923 Act petroleum tenure holder may transfer a water observation bore in the area of the tenure to the State if— the holder gives the chief executive a notice, in the approved form, offering to transfer the bore to the State; and the chief executive receives the notice no later than 60 business days before the holder must, as required under section 75U , decommission the bore; and the chief executive, within 20 business days after receiving the notice, gives the holder notice that the State consents to the transfer. (sec.75QA-ssec.2) The approved form must require a statement by the holder transferring the bore that— if the bore was drilled under section 75K , section 75K has been complied with for the bore; or if the bore has been converted from a well under section 75L — section 75L has been complied with for the bore. (sec.75QA-ssec.3) If the chief executive gives the holder a notice under subsection (1) (c) , the notice must state the day the transfer takes effect. (sec.75QA-ssec.4) If the chief executive does not give the holder a notice under subsection (1) (c) , the holder must, as required under section 75U , decommission the bore. - (a) the holder gives the chief executive a notice, in the approved form, offering to transfer the bore to the State; and - (b) the chief executive receives the notice no later than 60 business days before the holder must, as required under section 75U , decommission the bore; and - (c) the chief executive, within 20 business days after receiving the notice, gives the holder notice that the State consents to the transfer. - (a) if the bore was drilled under section 75K , section 75K has been complied with for the bore; or - (b) if the bore has been converted from a well under section 75L — section 75L has been complied with for the bore.