Transfer of coal exploration or production well to petroleum tenure holder
396A Transfer of coal exploration or production well to petroleum tenure holder
Subsection (3) permits, in particular circumstances, the transfer of a coal exploration or production well by a mining tenement holder.
A purported transfer of a coal exploration or production well is of no effect unless—
the transfer is permitted under subsection (3); and
the requirements under subsection (3) for making the transfer have been complied with.
The mining tenement holder may transfer the coal exploration or production well to the holder of a petroleum tenure if—
it is in the area of the mining tenement and the petroleum tenure; and
a notice in the approved form and the transfer fee prescribed under a regulation have been lodged.
If the well is transferred under subsection (3), any obligation the transferor had under this Act or another law in relation to the coal exploration or production well ceases.
In this section—
coal exploration or production well means a well or drill hole drilled and authorised under this Act to—
explore for coal or coal seam gas; or
mine or produce coal or coal seam gas; or
monitor the mining or production of coal or coal seam gas; or
monitor the impacts of an activity mentioned in paragraphs (a) to (c).
transfer, of a coal exploration or production well means a transfer of—
the control of and responsibility for the well; and
the ownership of any works constructed in connection with the well.
This provision refers to the regulations (a regulation
). Made under this Act:
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.