Queensland Consolidated Acts Queensland Consolidated Acts(1) The lessee may, with the consent of the Minister in writing, surrender and terminate the lease upon the payment of all rents royalties and other obligations due and payable to the Crown and upon payment of all wages and moneys due and payable to the workers employed by the lessee and upon proof satisfactory to the Minister that the public interest will not be impaired, but in no case shall such surrender be effective until the lessee has made full provision for conservation and protection of the property.
(1A) The consent may be given only on the application of the lessee.
(1B) The application must be—
(a) in the approved form; and
(b) lodged at—
(i) the office of the department for lease surrender applications, as stated in a gazette notice by the chief executive; or
(ii) if no office is gazetted under subparagraph (i)—the office stated in the approved form; or
(iii) if the approved form does not state an office—the office of the chief executive; and
(c) be accompanied by—
(i) the fee prescribed under a regulation; and
(ii) a report by the applicant about the activities carried out on the area the subject of the application, and the results of the activities.
Editor's note—
See the 2004 Act, chapter 15, part 3, division 7 (Later grant of petroleum tenure to replace equivalent 1923 Act petroleum tenure).
(2) Upon the acceptance of such surrender by the Minister the lessee shall be relieved of all future obligations under the lease.
(3) The lessee may with the like consent surrender to the Crown any legal subdivision of the area comprised within the lease.