sec.876Conversion on 2004 Act start day

### sec.876 Conversion on 2004 Act start day On 31 December 2004— the 1923 Act ATP ceases to be a 1923 Act ATP and becomes an authority to prospect under this Act (a converted ATP ); and the holder of the 1923 Act ATP is the holder of the converted ATP; and the conditions of the 1923 Act ATP about expenditure or work become a later work program for the converted ATP; and the period to which the conditions apply is taken to be the plan period for the work program; and any condition of the 1923 Act ATP ceases to be a condition of the converted ATP if the condition is the same, or substantially the same, as any relevant environmental condition for the 1923 Act ATP; and the converted ATP continues, subject to this Act, for the balance of the 1923 Act ATP’s term; and the converted ATP is held subject to this Act and the conditions of the 1923 Act ATP, as modified under this division; and the area of the 1923 Act ATP becomes the area of the converted ATP. s 876 ins 2004 No. 26 s 247 amd 2005 No. 3 s 91 ; 2007 No. 46 s 241 sch - (a) the 1923 Act ATP ceases to be a 1923 Act ATP and becomes an authority to prospect under this Act (a converted ATP ); and - (b) the holder of the 1923 Act ATP is the holder of the converted ATP; and - (c) the conditions of the 1923 Act ATP about expenditure or work become a later work program for the converted ATP; and - (d) the period to which the conditions apply is taken to be the plan period for the work program; and - (e) any condition of the 1923 Act ATP ceases to be a condition of the converted ATP if the condition is the same, or substantially the same, as any relevant environmental condition for the 1923 Act ATP; and - (f) the converted ATP continues, subject to this Act, for the balance of the 1923 Act ATP’s term; and - (g) the converted ATP is held subject to this Act and the conditions of the 1923 Act ATP, as modified under this division; and - (h) the area of the 1923 Act ATP becomes the area of the converted ATP.