sec.107ADTerm of declaration

### sec.107AD Term of declaration A declaration of an amalgamated potential commercial area for an authority to prospect continues in force for— 15 years from the making of the latest of the declarations of the potential commercial areas for the authorities to prospect that have been amalgamated; or the shorter period decided by the Minister when making the declaration and stated in the notice given under section 107AE (1) . The matters that must be considered in deciding the shorter period include— when any petroleum discovery was made; and the report and proposed evaluation program mentioned in section 107AB (b) and (c) that accompanied the application for amalgamation or an independent viability assessment for, or that includes, the amalgamated potential commercial area. s 107AD ins 2019 No. 17 s 303 amd 2020 No. 14 s 182 (sec.107AD-ssec.1) A declaration of an amalgamated potential commercial area for an authority to prospect continues in force for— 15 years from the making of the latest of the declarations of the potential commercial areas for the authorities to prospect that have been amalgamated; or the shorter period decided by the Minister when making the declaration and stated in the notice given under section 107AE (1) . (sec.107AD-ssec.2) The matters that must be considered in deciding the shorter period include— when any petroleum discovery was made; and the report and proposed evaluation program mentioned in section 107AB (b) and (c) that accompanied the application for amalgamation or an independent viability assessment for, or that includes, the amalgamated potential commercial area. - (a) 15 years from the making of the latest of the declarations of the potential commercial areas for the authorities to prospect that have been amalgamated; or - (b) the shorter period decided by the Minister when making the declaration and stated in the notice given under section 107AE (1) . - (a) when any petroleum discovery was made; and - (b) the report and proposed evaluation program mentioned in section 107AB (b) and (c) that accompanied the application for amalgamation or an independent viability assessment for, or that includes, the amalgamated potential commercial area.