Climate Action and Low Carbon Development (Amendment) Act 2021

Repeal of certain provisions of Act of 1960 and transitional provisions

21. (1) Subject to subsections (2) to (6), the following provisions of the Act of 1960 are repealed:

(a) section 7 (other than subsection (4) of that section);

(b) section 8;

(c) section 9;

(d) section 10 (other than subsection (4) of that section);

(e) section 13.

(2) Where, prior to the commencement of this section, the Minister has entered into an undertaking with a person under section 7 of the Act of 1960, the Minister may:

(a) grant an exploration licence under section 8 of the Act of 1960 to the person concerned;

(b) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;

(c) enter into an undertaking under section 10 of the Act of 1960 with the person concerned.

(3) Where, prior to the commencement of this section or by virtue of this section, the Minister has granted an exploration licence to a person under section 8 of the Act of 1960, the Minister may:

(a) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;

(b) enter into an undertaking under section 10 of the Act of 1960 with the person concerned;

(c) grant a petroleum lease under section 13 of the Act of 1960 to the person concerned.

(4) Where, prior to the commencement of this section or by virtue of this section, the Minister has entered into an undertaking with a person under section 10 of the Act of 1960, the Minister may:

(a) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;

(b) grant a petroleum lease under section 13 of the Act of 1960 to the person concerned.

(5) Where, prior to the commencement of this section or by virtue of this section, the Minister has granted a petroleum lease to a person under section 13 of the Act of 1960, the Minister may grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned.

(6) The repeal of the sections referred to in subsection (1) shall not affect—

(a) an undertaking entered into under section 7 of the Act of 1960,

(b) an exploration licence granted under section 8 of the Act of 1960,

(c) a petroleum prospecting licence granted under section 9 of the Act of 1960,

(d) an undertaking entered into under section 10 of the Act of 1960, or

(e) a petroleum lease granted under section 13 of the Act of 1960.