44Definitions

44 Definitions

44 Definitions

(Former clause 24AB (1) of 2007 Reg)

In this Division—

authorised fund means a fund the subject of an order under clause 45.

exploration phase, in relation to a petroleum title, means the period during which the holder of that petroleum title carries out prospecting in the project area for that title under the authority of an exploration licence, assessment lease or special prospecting authority.

project area, in relation to a petroleum title held by a person, means the local government area in which prospecting or mining authorised by the petroleum title is carried out and any local government area adjacent to that area that is affected by that prospecting or mining.