Ability of Minister to vary conditions of petroleum interest
57AAD Ability of Minister to vary conditions of petroleum interest
(1) The Minister may, on the Minister's own initiative, vary a condition of a petroleum interest.
(2) The Minister may take action under subsection (1) if the Minister believes on reasonable grounds that:
(a) the interest holder has contravened a provision of this Act or a direction or notice under this Act; or
(b) without limiting paragraph (a), the interest holder has failed to comply with a condition of the petroleum interest; or
the action is reasonably necessary to protect:
any aspect of the environment; or
any person, property or infrastructure.
(3) Before taking action under subsection (1), the Minister must:
(a) by written notice, inform the interest holder of the proposed action and the reasons for it; and
(b) allow the interest holder an opportunity to make representations about the proposed action within a period (being at least 28 days) specified in the notice.
(4) As soon as practicable after making a decision to take action under subsection (1), the Minister must give notice to the interest holder setting out details of the action that has been taken.
This Act’s bill:Second reading speech
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