37Direction to holder of assessment lease to apply for production lease

#### 37 Direction to holder of assessment lease to apply for production lease 37 Direction to holder of assessment lease to apply for production lease > > (1) The Minister may, by instrument in writing, direct the holder of an assessment lease to apply, within such period as may be specified in the direction, for a production lease in respect of so much of the land comprised in the assessment lease as is so specified. > > > (2) If the holder of an assessment lease does not apply for a production lease in accordance with directions given under this section, the Minister may cancel the assessment lease. > > Note— > > Section 22 (4) specifies the time at which cancellation of a petroleum title (which includes an assessment lease) takes effect. > > **s 37:** Ins 2001 No 112, Sch 1.23 \[8\].