(1) In this section, "relevant period", as respects a disposal, means the period beginning 12 months before and ending 3 years after the disposal, or such longer period as the Minister for Communications, Energy and Natural Resources may, on the application of the person making the disposal, certify to be in that Minister's opinion reasonable having regard to the proper exploration, delineation or development of any licensed area.
(2) This section shall apply where on or after the 14th day of January, 1985, a person, with the consent of the Minister for Communications, Energy and Natural Resources, makes a disposal of an interest in a licensed area (including the part disposal of such an interest or the exchange of an interest owned by the person in one licensed area for an interest in another licensed area) and the disposal is shown to the satisfaction of that Minister to have been made for the sole purpose of ensuring the proper exploration, delineation or development of any licensed
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