Petroleum Act 1923

This section applies if—

noncompliance action taken is a requirement, under section 80T(1)(b), of a 1923 Act petroleum tenure holder; and

the requirement is not complied with.

The holder must be given a notice requiring the holder to comply with the requirement under section 80T(1)(b) within 20 business days after the giving of the notice.

If the holder does not comply with the requirement under the notice, the tenure is cancelled.

However, the cancellation does not take effect until the holder is given a notice stating that the tenure has been cancelled because of the operation of subsection (3).