sec.147Deciding whether to approve proposed plan

### sec.147 Deciding whether to approve proposed plan The Minister may approve or refuse to approve the proposed plan. The matters that must be considered in deciding whether to approve the proposed plan include each of the following— the development plan criteria; the extent to which the current development plan for the lease has been complied with; if the proposed plan provides for a significant change that is a cessation or reduction of petroleum production— whether the cessation or reduction is reasonable; and whether the petroleum lease holder has taken all reasonable steps to prevent the cessation or reduction. Also, if the lease was granted in response to a tender, any other development plan proposed by other tenderers for the lease must be taken into account. However, subsection (3) applies only to the extent the other plan includes the period of the proposed plan. The Minister may give the holder of the petroleum lease a notice requiring the holder to give the Minister, within the reasonable period stated in the notice, information the Minister reasonably requires to decide whether to approve the proposed plan. If the holder does not comply with the requirement, the Minister may refuse to approve the proposed plan. s 147 amd 2020 No. 14 s 185 (sec.147-ssec.1) The Minister may approve or refuse to approve the proposed plan. (sec.147-ssec.2) The matters that must be considered in deciding whether to approve the proposed plan include each of the following— the development plan criteria; the extent to which the current development plan for the lease has been complied with; if the proposed plan provides for a significant change that is a cessation or reduction of petroleum production— whether the cessation or reduction is reasonable; and whether the petroleum lease holder has taken all reasonable steps to prevent the cessation or reduction. (sec.147-ssec.3) Also, if the lease was granted in response to a tender, any other development plan proposed by other tenderers for the lease must be taken into account. (sec.147-ssec.4) However, subsection (3) applies only to the extent the other plan includes the period of the proposed plan. (sec.147-ssec.5) The Minister may give the holder of the petroleum lease a notice requiring the holder to give the Minister, within the reasonable period stated in the notice, information the Minister reasonably requires to decide whether to approve the proposed plan. (sec.147-ssec.6) If the holder does not comply with the requirement, the Minister may refuse to approve the proposed plan. - (a) the development plan criteria; - (b) the extent to which the current development plan for the lease has been complied with; - (c) if the proposed plan provides for a significant change that is a cessation or reduction of petroleum production— (i) whether the cessation or reduction is reasonable; and (ii) whether the petroleum lease holder has taken all reasonable steps to prevent the cessation or reduction. - (i) whether the cessation or reduction is reasonable; and - (ii) whether the petroleum lease holder has taken all reasonable steps to prevent the cessation or reduction. - (i) whether the cessation or reduction is reasonable; and - (ii) whether the petroleum lease holder has taken all reasonable steps to prevent the cessation or reduction.