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Petroleum and Gas (Production and Safety) Act 2004
sec.874What are the transitional notional sub-blocks for a converted ATP
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### sec.874 What are the transitional notional sub-blocks for a converted ATP
The transitional notional sub-blocks , for a converted ATP, are the sub-blocks stated in the instrument for the converted ATP at the start of its current term.
However, the transitional notional sub-blocks do not include any of the sub-blocks stated in the instrument that are completely within the area of a petroleum lease or 1923 Act lease.
For subsection (1), if the instrument—
states that the area of the converted ATP includes land within a block; but
does not include or exclude any particular sub-block within that block;
the reference to the block is a reference to all sub-blocks within the block, other than any sub-block that is completely within the area of another petroleum tenure or a 1923 Act petroleum tenure.
s 874 ins 2004 No. 26 s 247
(sec.874-ssec.1) The transitional notional sub-blocks , for a converted ATP, are the sub-blocks stated in the instrument for the converted ATP at the start of its current term.
(sec.874-ssec.2) However, the transitional notional sub-blocks do not include any of the sub-blocks stated in the instrument that are completely within the area of a petroleum lease or 1923 Act lease.
(sec.874-ssec.3) For subsection (1), if the instrument— states that the area of the converted ATP includes land within a block; but does not include or exclude any particular sub-block within that block; the reference to the block is a reference to all sub-blocks within the block, other than any sub-block that is completely within the area of another petroleum tenure or a 1923 Act petroleum tenure.
- (a) states that the area of the converted ATP includes land within a block; but
- (b) does not include or exclude any particular sub-block within that block;