sec.230Minister’s power to require commercial viability report

### sec.230 Minister’s power to require commercial viability report The Minister may, by notice (a report requirement ), require a petroleum tenure holder to lodge a written report (a commercial viability report ) about all or a stated part of its area if— the holder is not producing petroleum in the area or stated part; and the Minister is of the opinion that— it may be commercially viable to produce or store petroleum in the area or stated part; or it may, within the next 15 years, be commercially viable to produce or store petroleum in the area or stated part. For the relevance of this period, see part 1 , division 6 . The notice must state each of the following— the Minister’s opinion under subsection (1) (b) (i) or (ii) ; the facts and circumstances forming the basis for the opinion; that the Minister requires the holder to give the Minister a commercial viability report about the area; a reasonable period for giving the report. For other relevant provisions about giving a document to the Minister, see section 851AA . s 230 amd 2011 No. 2 ss 121 , 122 sch ; 2012 No. 20 s 281 sch 2 (sec.230-ssec.1) The Minister may, by notice (a report requirement ), require a petroleum tenure holder to lodge a written report (a commercial viability report ) about all or a stated part of its area if— the holder is not producing petroleum in the area or stated part; and the Minister is of the opinion that— it may be commercially viable to produce or store petroleum in the area or stated part; or it may, within the next 15 years, be commercially viable to produce or store petroleum in the area or stated part. For the relevance of this period, see part 1 , division 6 . (sec.230-ssec.2) The notice must state each of the following— the Minister’s opinion under subsection (1) (b) (i) or (ii) ; the facts and circumstances forming the basis for the opinion; that the Minister requires the holder to give the Minister a commercial viability report about the area; a reasonable period for giving the report. For other relevant provisions about giving a document to the Minister, see section 851AA . - (a) the holder is not producing petroleum in the area or stated part; and - (b) the Minister is of the opinion that— (i) it may be commercially viable to produce or store petroleum in the area or stated part; or (ii) it may, within the next 15 years, be commercially viable to produce or store petroleum in the area or stated part. Note— For the relevance of this period, see part 1 , division 6 . - (i) it may be commercially viable to produce or store petroleum in the area or stated part; or - (ii) it may, within the next 15 years, be commercially viable to produce or store petroleum in the area or stated part. Note— For the relevance of this period, see part 1 , division 6 . - (i) it may be commercially viable to produce or store petroleum in the area or stated part; or - (ii) it may, within the next 15 years, be commercially viable to produce or store petroleum in the area or stated part. Note— For the relevance of this period, see part 1 , division 6 . - (a) the Minister’s opinion under subsection (1) (b) (i) or (ii) ; - (b) the facts and circumstances forming the basis for the opinion; - (c) that the Minister requires the holder to give the Minister a commercial viability report about the area; - (d) a reasonable period for giving the report.