Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 438

Suspension of rights

  (1)   If the responsible Commonwealth Minister is satisfied that it is necessary to do so in the national interest, the responsible Commonwealth Minister must, by written notice given to a greenhouse gas assessment permittee or greenhouse gas holding lessee, suspend, either:

  (a)   for a specified period; or

  (b)   indefinitely;

any or all of the rights conferred by the permit or lease.

  (2)   If any rights are suspended under subsection   (1), any conditions that must be complied with in the exercise of those rights are also suspended.

Termination of suspension

  (3)   The responsible Commonwealth Minister may, by written notice given to the permittee or lessee, terminate a suspension of rights under subsection   (1).