sec.170AApplying to amalgamate petroleum leases

### sec.170A Applying to amalgamate petroleum leases A person may apply to the Minister to amalgamate 2 or more petroleum leases (each an individual lease ) into a single petroleum lease (the amalgamated lease ). An application can be made only if— all of the holders of the individual leases agree to the proposed amalgamation; and the holders of the amalgamated lease will be the same as the holders of the individual leases. Also, a person can not make an application under subsection (1) if— any of the holders of the individual leases have not complied with a provision of this Act; or any of the following amounts is outstanding in relation to an individual lease— annual rent; a civil penalty under section 156 for non-payment of annual rent; rates and charges, including interest on overdue rates and charges, payable to the local government in whose area the lease is situated; interest payable under section 588 on annual rent or a civil penalty; a royalty-related amount payable by the holder; security required under section 488 . s 170A prev s 170A ins 2019 No. 17 s 307 om 2020 No. 14 s 187 pres s 170A (prev s 170B) ins 2019 No. 17 s 307 amd 2020 No. 14 s 188 (1) renum 2020 No. 14 s 188 (2) amd 2024 No. 12 s 105 (sec.170A-ssec.1) A person may apply to the Minister to amalgamate 2 or more petroleum leases (each an individual lease ) into a single petroleum lease (the amalgamated lease ). (sec.170A-ssec.2) An application can be made only if— all of the holders of the individual leases agree to the proposed amalgamation; and the holders of the amalgamated lease will be the same as the holders of the individual leases. (sec.170A-ssec.3) Also, a person can not make an application under subsection (1) if— any of the holders of the individual leases have not complied with a provision of this Act; or any of the following amounts is outstanding in relation to an individual lease— annual rent; a civil penalty under section 156 for non-payment of annual rent; rates and charges, including interest on overdue rates and charges, payable to the local government in whose area the lease is situated; interest payable under section 588 on annual rent or a civil penalty; a royalty-related amount payable by the holder; security required under section 488 . - (a) all of the holders of the individual leases agree to the proposed amalgamation; and - (b) the holders of the amalgamated lease will be the same as the holders of the individual leases. - (a) any of the holders of the individual leases have not complied with a provision of this Act; or - (b) any of the following amounts is outstanding in relation to an individual lease— (i) annual rent; (ii) a civil penalty under section 156 for non-payment of annual rent; (iii) rates and charges, including interest on overdue rates and charges, payable to the local government in whose area the lease is situated; (iv) interest payable under section 588 on annual rent or a civil penalty; (v) a royalty-related amount payable by the holder; (vi) security required under section 488 . - (i) annual rent; - (ii) a civil penalty under section 156 for non-payment of annual rent; - (iii) rates and charges, including interest on overdue rates and charges, payable to the local government in whose area the lease is situated; - (iv) interest payable under section 588 on annual rent or a civil penalty; - (v) a royalty-related amount payable by the holder; - (vi) security required under section 488 . - (i) annual rent; - (ii) a civil penalty under section 156 for non-payment of annual rent; - (iii) rates and charges, including interest on overdue rates and charges, payable to the local government in whose area the lease is situated; - (iv) interest payable under section 588 on annual rent or a civil penalty; - (v) a royalty-related amount payable by the holder; - (vi) security required under section 488 .