Petroleum Act 1923

This section applies to an authority to prospect if, before the end of 1 November 2021—

the holder of the authority to prospect applied under former section 40 to the Minister for the grant to the applicant, or to the applicant and other qualified persons nominated by the applicant, of a lease or leases; and

the application had not been decided or withdrawn.

Despite the expiry—

former part 4 and former section 40 continue to apply to the authority to prospect; and

the Minister may grant the lease or leases under former section 40; and

the authority to prospect continues in force as mentioned in section 40A.

In this section—expiry means the expiry, on 1 November 2021, of—

former part 4 under former section 25U(1); and

all authorities to prospect still in force immediately before 1 November 2021 under former section 25U(2); and

former section 40 under former section 40(9).