SCHEDULES

SCHEDULE 3 Transitional provisions and savings

Part II Specific provisions

Existing licences

8

1

In relation to any time after the commencement of this Act, section 1 of the M1Petroleum Royalties (Relief) Act 1983 and sections 1 and 2 of the M2Petroleum Royalties (Relief) and Continental Shelf Act 1989 shall have effect as if each reference (whether direct or indirect) in any of those provisions to model clauses set out in—

a

the Petroleum and Submarine Pipe-lines Act 1975; or

b

regulations made under section 6 of the Petroleum (Production) Act 1934,

were a reference to the corresponding model clauses set out in the order under section 5.

2

This paragraph is without prejudice to the generality of section 5(10).