Petroleum and Minerals Authority Act 1973

The document outlines the establishment and functions of the Petroleum and Minerals Authority in Australia. The Authority is responsible for the exploration, recovery, refining, manufacturing, buying, selling, and transporting of petroleum and minerals. It has the power to take various actions, including purchasing land, leasing or releasing easements, and exercising incidental powers. The Authority may enter upon land for the purpose of exercising its functions and must comply with directions from the Minister. The Authority consists of five members and has the power to sue or be sued in its corporate name.