14Records of titles: section 95

14 Records of titles: section 95

14 Records of titles: section 95

(Former clause 12 of 2007 Reg)

For the purposes of section 95 (2) of the Act, the record required to be kept—

(a) must be kept in written or electronic form, and

(b) must contain the following particulars—

(i) the type of petroleum title and the identifying number or code allocated to it,

(ii) the date on which the petroleum title was first granted,

(iii) the name and address of each person who is a holder of the petroleum title,

(iv) a description of the land over which the petroleum title is in force,

(v) the annual rental fee area for a petroleum title granted or proposed to be granted, if the Secretary is required to keep a record of the annual rental fee area under Part 7,

(vi) the period for which the petroleum title is to have effect,

(vii) the current status of the petroleum title (that is, “current”, “expired” or “cancelled”),

(viii) any interest registered under section 97 of the Act in relation to the petroleum title.