Section 236: Timeframe for incorporation of host communities development trust.
The host communities development trust shall be incorporated —
a within 12 months from the effective date for existing oil mining leases;
b within 12 months from the effective date for existing designated facilities;
c within 12 months from the effective date for new designated facilities under construction on the effective date;
d prior to the application for field development plan for existing oil prospecting licences;
e prior to the application for any field development plan under a petroleum prospecting licence or petroleum mining lease granted under this Act; and
f prior to commencement of commercial operations for licensees of designated facilities granted under this Act.
Cite this section
Section 236, PETROLEUM INDUSTRY ACT, 2021 (2021).
https://repo.podus.ai/laws/petroleum-industry-act-2021/section/236/