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Petroleum and Gas (Production and Safety) Act 2004
sec.65Standard relinquishment condition
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### sec.65 Standard relinquishment condition
It is a condition (the relinquishment condition ) of each authority to prospect that its holder must relinquish part of its area, as provided for under this subdivision—
by the end of the relinquishment day for the authority; and
if section 68 (3) applies—on the day provided for under that subsection; and
if, under division 3 , subdivision 6 , the period of the work program for the authority has been extended—on the day the extended period ends.
However, if, under section 62 (4) , the relinquishment day for the authority (the original day ) is deferred for a stated period, for the relinquishment condition, the relinquishment that was required by the end of the original day is taken to have been deferred until the end of the stated period.
A relinquishment required under the relinquishment condition—
must be made by a lodged notice ( relinquishment notice ); and
takes effect on the day after lodgement under paragraph (a) .
This section does not prevent the holder from relinquishing, by relinquishment notice, more than the part provided for under this subdivision.
s 65 amd 2004 No. 26 ss 80 , 69 (2) sch ; 2012 No. 20 s 281 sch 2 ; 2019 No. 17 s 293 ; 2024 No. 33 s 159
(sec.65-ssec.1) It is a condition (the relinquishment condition ) of each authority to prospect that its holder must relinquish part of its area, as provided for under this subdivision— by the end of the relinquishment day for the authority; and if section 68 (3) applies—on the day provided for under that subsection; and if, under division 3 , subdivision 6 , the period of the work program for the authority has been extended—on the day the extended period ends.
(sec.65-ssec.2) However, if, under section 62 (4) , the relinquishment day for the authority (the original day ) is deferred for a stated period, for the relinquishment condition, the relinquishment that was required by the end of the original day is taken to have been deferred until the end of the stated period.
(sec.65-ssec.3) A relinquishment required under the relinquishment condition— must be made by a lodged notice ( relinquishment notice ); and takes effect on the day after lodgement under paragraph (a) .
(sec.65-ssec.4) This section does not prevent the holder from relinquishing, by relinquishment notice, more than the part provided for under this subdivision.
- (a) by the end of the relinquishment day for the authority; and
- (b) if section 68 (3) applies—on the day provided for under that subsection; and
- (c) if, under division 3 , subdivision 6 , the period of the work program for the authority has been extended—on the day the extended period ends.
- (a) must be made by a lodged notice ( relinquishment notice ); and
- (b) takes effect on the day after lodgement under paragraph (a) .