Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a greenhouse gas assessment permit is in force; and
(b) before the time when the permit would, apart from this subsection, expire, the permittee applies to the responsible Commonwealth Minister for a declaration of an identified greenhouse gas storage formation; and
(c) if the declaration were made in accordance with the application, the identified greenhouse gas storage formation would be wholly situated in the permit area;
the permit continues in force until whichever is the latest of the following times:
(d) if the responsible Commonwealth Minister makes a declaration of an identified greenhouse gas storage formation that is wholly situated in the permit area--the end of the period of 12 months after the day on which the declaration is made;
(e) if the responsible Commonwealth Minister refuses to make a declaration of an identified greenhouse gas storage formation that is wholly situated in the permit area--the time when notice of the refusal is given to the permittee;
(f) the time when the permit would, apart from this subsection, expire.
(2) Subsection (1) has effect subject to this Chapter, but despite section 293.
Note: See the notes at the end of section 293.