In force2021 Revised EditionCurrent version · 2021 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Petroleum Authority of Brunei Darussalam Act · 2021 Revised Edition · Part · Transfer of Company Petroleum
Petroleum Authority of Brunei Darussalam Act · 2021 Revised Edition · Part · Transfer of Company Petroleum
Official textFrom Attorney General's Chambers, unchanged
The production of a Gazette copy of this Act, and such evidence of publication of the appointed day in the Gazette. shall for all purposes, be conclusive evidence of the transfer of the petroleum regulatory undertaking of the Company to the Authority and the vesting of the petroleum regulatory undertaking of the Company in the Authority in accordance with the provisions of this Act.
Authority
"Authority" means the Petroleum Authority of Brunei Darussalam established by section 3;
Company
"Company" means the Brunei National Petroleum Company Sendirian Berhad incorporated by the Brunei National Petroleum Company Sendirian Berhad Order, 2002 (S 612002);
petroleum
"petroleum" has the same meaning assigned to it in section 2 of the Petroleum Mining Act;
petroleum regulatory undertaking of the Company
"petroleum regulatory undertaking of the Company" means - (a) all property and all liabilities of the Company (including all existing property and all existing liabilities and all liabilities arising after the appointed day in respect of the property and liabilities of the Company transferred to the Authority) acquired under, arising from or relating to the Company petroleum mining Agreements; and (b) such other property and liabilities of the Company as the Minister may determine. other than the excluded property and the excluded liabilities of the Company;