Petroleum (Submerged Lands) Act 1982

A lessee may, from time to time, make an application to the Minister for the renewal of the lease.

An application for the renewal of a lease—

shall be in accordance with an approved form; and

subject to subsection (3), shall be made in an approved manner not less than 6 months or more than 12 months before the day on which the lease ceases to be in force; and

shall be accompanied by particulars of—

the proposals of the applicant for work and expenditure in respect of the lease area; and

particulars of the commercial viability of recovery of petroleum from the lease at the time of the application and particulars of the possible future commercial viability of recovery of petroleum from the lease area; and

shall be accompanied by the prescribed fee.

The Minister may, for reasons that the Minister thinks sufficient, receive an application for the renewal of the lease less than 6 months before, but not in any case after, the day on which the lease ceases to be in force.

Where an application has been made for the renewal of a lease, the Minister may, at any time, by instrument in writing served on the lessee, require the lessee to furnish, within the time specified in the instrument, further information in writing in connection with the application.