Petroleum and Gas (Royalty) Regulation 2021
sec.90Undecided application by non-tenure holder to be treated as petroleum producer for joint venture tenure
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sec.90 Undecided application by non-tenure holder to be treated as petroleum producer for joint venture tenure
This section applies if— a non-tenure holder made an application under section 148ZC(2) of the expired regulation; and immediately before the commencement, the application had not been decided. The application is taken to have been made under section 48(2). If the revenue commissioner decides to grant the application, the election period mentioned in section 48(6) may start on a day before the commencement. (sec.90-ssec.1) This section applies if— a non-tenure holder made an application under section 148ZC(2) of the expired regulation; and immediately before the commencement, the application had not been decided. (sec.90-ssec.2) The application is taken to have been made under section 48(2). (sec.90-ssec.3) If the revenue commissioner decides to grant the application, the election period mentioned in section 48(6) may start on a day before the commencement.
- (a) a non-tenure holder made an application under section 148ZC(2) of the expired regulation; and
- (b) immediately before the commencement, the application had not been decided.