QLDIn ForceAct
Petroleum and Gas (Production and Safety) Act 2004
sec.106Provisions of new authorities
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### sec.106 Provisions of new authorities
Subject to this section, section 42 applies for the provisions of a new authority as if it were an authority to prospect granted under division 2 .
However—
the term of each new authority must not end later than the end of the term of the original authority; and
the new authorities must have the same relinquishment days as the original authority.
For the relinquishment condition for the new authorities—
the new authorities are taken to have originally taken effect when the original authority originally took effect; and
the original notional sub-blocks of the original authority are divided rateably between the new authorities; and
for working out previous relinquishments that are counted for the relinquishment condition for each new authority, the relinquishments previously counted for the relinquishment condition for the original authority are divided rateably between the new authorities.
(sec.106-ssec.1) Subject to this section, section 42 applies for the provisions of a new authority as if it were an authority to prospect granted under division 2 .
(sec.106-ssec.2) However— the term of each new authority must not end later than the end of the term of the original authority; and the new authorities must have the same relinquishment days as the original authority.
(sec.106-ssec.3) For the relinquishment condition for the new authorities— the new authorities are taken to have originally taken effect when the original authority originally took effect; and the original notional sub-blocks of the original authority are divided rateably between the new authorities; and for working out previous relinquishments that are counted for the relinquishment condition for each new authority, the relinquishments previously counted for the relinquishment condition for the original authority are divided rateably between the new authorities.
- (a) the term of each new authority must not end later than the end of the term of the original authority; and
- (b) the new authorities must have the same relinquishment days as the original authority.
- (a) the new authorities are taken to have originally taken effect when the original authority originally took effect; and
- (b) the original notional sub-blocks of the original authority are divided rateably between the new authorities; and
- (c) for working out previous relinquishments that are counted for the relinquishment condition for each new authority, the relinquishments previously counted for the relinquishment condition for the original authority are divided rateably between the new authorities.