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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 323A

Extension of cross - boundary greenhouse gas holding lease if lessee applies for a special cross - boundary greenhouse gas holding lease or cross - boundary greenhouse gas injection licence

  (1)   If:

  (a)   a cross - boundary greenhouse gas holding lease (other than a special 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 Titles Administrator for the grant by the Cross - boundary Authority of a special cross - boundary greenhouse gas holding lease or cross - boundary 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 Cross - boundary Authority gives the lessee an offer document relating to a special cross - boundary greenhouse gas holding lease or cross - boundary greenhouse gas injection licence over the block or one or more of the blocks

the special cross - boundary greenhouse gas holding lease or cross - boundary greenhouse gas injection licence is granted, the lessee withdraws the application or the application lapses.

2

the application is for a special cross - boundary greenhouse gas holding lease and the Cross - boundary Authority refuses to grant the lease to the lessee

notice of the refusal is given to the lessee.

3

the application is for a cross - boundary greenhouse gas injection licence and the Cross - boundary Authority refuses to grant the licence to the lessee on a ground covered by paragraph   368B(2)(c), (d), (e), (f), (g), (h), (i) or (ja)

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 cross - boundary greenhouse gas injection licence and the Cross - boundary Authority 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.


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