Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 307D

Scope

  (1)   This section applies if a greenhouse gas assessment permit (the new greenhouse gas assessment permit ) is granted under section   307C over:

  (a)   all the blocks in the permit area of the existing greenhouse gas assessment permit mentioned in section   307A; and

  (b)   all the State/Territory blocks in the relevant area of the existing State/Territory greenhouse gas assessment title mentioned in section   307A.

Termination of existing greenhouse gas assessment permit

  (2)   The existing greenhouse gas assessment permit ceases to be in force when the new greenhouse gas assessment permit comes into force.

Termination of State/Territory greenhouse gas assessment title

  (3)   The State/Territory greenhouse gas assessment title ceases to be in force when the new greenhouse gas assessment permit comes into force.