Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if a 1923 Act petroleum tenure holder has, under section 75U, decommissioned a well, water observation bore or water supply bore.
Editor's note—
See section 75U (Obligation to decommission).
(2) Despite the decommissioning, the holder continues to be responsible under this Act for the well or bore until the earlier of the following times (the relevant time)—
(a) when the tenure ends;
(b) when the land on which the well or bore is located ceased to be in the area of the tenure.
(3) At the relevant time the well or bore is taken to have been transferred to the State.
(4) Subsection (3) applies despite—
(a) the exploration bore being on or part of land owned by someone else; or
(b) the sale or other disposal of the land.
(5) After the relevant time, the State may transfer the well or bore.
(6) However—
(a) the transfer from the State can only be to—
(i) the owner of the land on which the well or bore is located; or
(ii) the holder of a geothermal tenure or mining tenement the area of which includes that land; and
(b) the transfer from the State and the use of the well or bore by the transferee is subject to this Act and any other relevant Act or law.