Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if an application for a greenhouse gas holding lease has been made under section 324.
(2) If the responsible Commonwealth Minister is not satisfied as to:
(a) in the case of an application made under subsection 324(2)--a matter referred to in paragraph 325(1)(b) or (1)(c); or
(b) in the case of an application made under subsection 324(3), (4) or (5)--a matter referred to in paragraph 325(2)(b) or (2)(c);
the responsible Commonwealth Minister must, by written notice given to the applicant, refuse to grant a greenhouse gas holding lease to the applicant.
(3) If the responsible Commonwealth Minister is not satisfied as to:
(a) in the case of an application made under subsection 324(2)--a matter (if any) prescribed by the regulations for the purposes of paragraph 325(1)(d); or
(b) in the case of an application made under subsection 324(3), (4) or (5)--a matter (if any) prescribed by the regulations for the purposes of paragraph 325(2)(d);
the responsible Commonwealth Minister may, by written notice given to the
applicant, refuse to grant a greenhouse gas holding lease to the applicant.