South Australian Current Acts South Australian Current Acts9—Grant of licences under Petroleum Act
(1) Notwithstanding
anything in the Petroleum Act 1940 and in lieu of or substitution for any
other petroleum production licence under that Act, the Minister is, by this
section, authorised to—
(a)
grant to the Producers referred to in subclause (1) of clause 6 of the
Indenture a licence under that Act of the kind and in the form of or to the
effect set out in Appendix "B" to the Indenture or in such other form as may
be agreed between the Minister and the Producers in order to implement or
otherwise give effect, from time to time, to the provisions of the
Unit Agreement; and
(b)
approve the grant of sub-licences in the form of or to the effect set out in
Appendix "B" to the Indenture or in such other form as may be agreed between
the Minister and the Producers in order to implement or otherwise give effect,
from time to time, to the provisions of the Unit Agreement,
and that Act shall, subject to this Act, apply and have effect accordingly.
(2) However—
(a) an
application for a petroleum production licence made between 30 October 1997
and 27 February 1999 was required to meet the criteria established by sections
27 and 28 of the Petroleum Act 1940 ; and
(b) no
further licence or approval has been, or will be, granted under this section
in respect of an application made after 27 February 1999 (but this paragraph
does not affect the renewal of a licence or approval granted in respect of an
application made before that date).