Petroleum (Submerged Lands) Act 1982

An applicant on whom there has been served an instrument under section 43(1) may, within a period of 3 months after the date of service of the instrument on the applicant, or within such further period, not exceeding 3 months, as the Minister, on application in writing served on the Minister before the expiration of the first mentioned period of 3 months, allows—

by instrument in writing served on the Minister request the Minister to grant to the applicant the licence referred to in the first mentioned instrument; and

if the Minister has informed the applicant that the applicant will be required to lodge a security as mentioned in section 43(1)(b)—lodge that security with the Minister.

Where an applicant on whom there has been served an instrument under section 43(1)—

has made a request under subsection (1); and

if the Minister has informed the applicant that the applicant will be required to lodge a security as mentioned in section 43(1)(b)—has lodged that security with the Minister;

A secondary licence shall not be granted to a permittee in respect of any 1 or more of the blocks that constitute a location unless—

a primary licence has been granted in respect of a block or blocks forming part of that location; and

the number of blocks in respect of which the primary licence was granted, together with the number of blocks included in that licence by reason of variations of the licence under section 45, is the permittee’s primary entitlement.

Where an applicant on whom there has been served an instrument under section 43(1)—

has not made a request under subsection (1); or

if the Minister has informed the applicant that the applicant will be required to lodge a security as mentioned in section 43(1)(b)—has not lodged that security with the Minister;

From and including the day on which a licence granted under this section has effect, the permit in respect of the blocks in respect of which the licence was granted ceases to be in force in respect of those blocks.