Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a greenhouse gas holding lease (other than a special greenhouse gas holding lease or a cross - boundary greenhouse gas holding lease) is in force over a block or blocks; and
(b) before the time when the lease would, apart from this subsection, expire, the lessee applies to the responsible Commonwealth Minister for the grant of a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks;
the table has effect:
Extension of lease | ||
Item | In this case... | the lease continues in force over the block or blocks covered by the application until... |
1 | the responsible Commonwealth Minister gives the lessee an offer document relating to a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks | the special greenhouse gas holding lease or greenhouse gas injection licence is granted, the lessee withdraws the application or the application lapses. |
2 | the application is for a special greenhouse gas holding lease and the responsible Commonwealth Minister refuses to grant the lease to the lessee | notice of the refusal is given to the lessee. |
3 | the application is for a greenhouse gas injection licence and the responsible Commonwealth Minister refuses to grant the licence to the lessee on a ground covered by paragraph 362(2)(c), (d), (e), (f), (g) or (i) | the end of the period of 90 days after the day on which the notice of the refusal was given to the lessee. |
4 | the application is for a greenhouse gas injection licence and the responsible Commonwealth Minister refuses to grant the licence to the lessee on a ground not mentioned in item 3 | notice of refusal is given to the lessee. |
(2) Subsection (1) has effect subject to this Chapter but despite section 322.
Note: See the notes at the end of section 322.