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s 78

Sale of property

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Part IIIGeneral provisions relating to petroleum interests
Division 3Surrender, cancellation, &c.

78 Sale of property

(1)

Where a person fails to comply with a direction under section

77, the Minister may remove and dispose of property on the former exploration permit or licence area, in such manner as he thinks fit.

(2)

Where under subsection (1) the Minister disposes of property by sale, he may deduct from the proceeds of the sale any costs and expenses incurred by him in relation to the direction and any fees and amounts due under the Act.

(3)

No action shall lie against the Minister by a person who fails to comply with a direction under section 77, or a person claiming through him, in relation to the removal, disposal or sale of property under subsection (1).

Division 4 Compensation

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