170
In forceApplication of div 2
Part 10Transitional provisions for 1923 Act petroleum tenures from 31 December 2004
Division 2Relinquishment condition until first renewal after 31 December 2004, and related provisions
170 Application of div 2
(1)
This division applies for an authority to prospect in force immediately before 31 December 2004 that, after that day, continues in force as an authority to prospect under this Act.
Note—For the conversion of a particular authority to prospect granted under this Act to an authority to prospect under the 2004 Act, see the 2004 Act, chapter 15, part 3, division 2.
(2)
However, this division only applies for the period of the authority’s current term.
Note—From the end of the current term, the relinquishment conditions and related provisions under part 6A, division 2, subdivision 1, apply.
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