NTIn ForceAct
Petroleum (Submerged Lands) Act 1981
38DTerm of lease
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38D Term of lease Subject to this Part, a lease (whether granted by way of renewal of a lease or otherwise) remains in force for a period of 5 years commencing on the day on which it was granted or, if a later day is specified in the lease as being the day on which the lease is to come into force, on that later day.