Petroleum and Other Minerals Development Act, 1960

Provisions in relation to prospecting licences and State mining leases granted under the Principal Act and leases granted under section 11 of the Mines and Minerals Act, 1931, as respects petroleum.

70.—(1) Any prospecting licence granted under section 7 of the Principal Act and any State mining lease made under section 26 of the Principal Act shall be deemed not to have conferred any rights in relation to petroleum unless the licence was issued or the lease was made on or after the 1st day of January, 1959, and expressly related to petroleum.

(2) Any lease granted under section 11 of the Mines and Minerals Act, 1931 , shall be deemed not to have conferred any rights in relation to petroleum.