Program for development and production for a lease becomes its development plan
156 Program for development and production for a lease becomes its development plan
From 31 December 2004, the current program for development and production for a lease is taken to be the development plan for the lease.
The plan period for the development plan is taken to be the period from the start of the current program for development and production to the earlier of any of the following to happen—
the end of the period to which the current program for development and production applies;
if, on 31 December 2004, the remaining term of the lease is 5 years or more—the first anniversary of the original grant of the lease that happens after 6 months after 31 December 2004;
if, on 31 December 2004, any land in the area of the lease is in the area of a coal or oil shale mining tenement or is the subject of an application under the Mineral Resources Act for a coal or oil shale mining tenement—the end of 6 months after 31 December 2004;
the end of the lease.
Notes—
1 For the obligation to lodge a proposed later development plan, see section 74Q.
2 For additional criteria for approval, see section 78.
In this section—
current program for development and production, for a lease, means its current program for development and production as mentioned in former section 50 as in force immediately before 31 December 2004.
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