Commonwealth Numbered Acts

PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987 No. 142, 1987 - SECT 4

4. For the purposes of this Act-

   (a)  a production licence shall be taken to be related to an exploration
        permit if-

        (i)    because of the grant of the production licence, the exploration
               permit ceased to be in force in respect of the block or blocks
               in respect of which the production licence was granted; or

        (ii)   because of the grant of the production licence, a
               retention lease that was related to the exploration permit
               ceased to be in force in respect of the block or blocks in
               respect of which the production licence was granted;

   (b)  a retention lease shall be taken to be related to an
        exploration permit if, because of the grant of the retention lease,
        the exploration permit ceased to be in force in respect of the block
        or blocks in respect of which the retention lease was granted;

   (c)  a production licence shall be taken to be related to a retention lease
        if, because of the grant of the production licence, the
        retention lease ceased to be in force in respect of the block or
        blocks in respect of which the production licence was granted; and

   (d)  where an exploration permit, retention lease or production licence
        (which permit, lease or licence is in this paragraph referred to as
        the

"original authority") is or was renewed, the renewed permit, lease or licence
shall be taken to be a continuation of the original authority notwithstanding
that the renewal may not have been granted in respect of all of the blocks in
respect of which the original authority was granted.