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Petroleum and Gas (Production and Safety) Act 2004
sec.122Exception for particular relevant arrangements
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### sec.122 Exception for particular relevant arrangements
Despite section 120 , the application may be refused if the Minister—
is not satisfied of a matter under section 121 (2) (a) or (c) ; and
is satisfied the applicant has entered into a relevant arrangement, but the Minister reasonably believes—
the arrangement is not an arms-length commercial transaction; or
supply under the arrangement is unlikely to be carried out.
- (a) is not satisfied of a matter under section 121 (2) (a) or (c) ; and
- (b) is satisfied the applicant has entered into a relevant arrangement, but the Minister reasonably believes— (i) the arrangement is not an arms-length commercial transaction; or (ii) supply under the arrangement is unlikely to be carried out.
- (i) the arrangement is not an arms-length commercial transaction; or
- (ii) supply under the arrangement is unlikely to be carried out.
- (i) the arrangement is not an arms-length commercial transaction; or
- (ii) supply under the arrangement is unlikely to be carried out.