50
In forceTerm of production licence
Part IIExploring and mining for petroleum
Division 4Production licences
50 Term of production licence
Subject to sections 73 and 74, a production licence remains in force for either 21 or 25 years as determined by the Minister commencing on the date on which it was granted or, in respect of the renewal of a production licence, the date on which it was last renewed, notwithstanding that it is renewed before the date on which it would otherwise have expired.
This Act’s bill:Second reading speech
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