Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 443

Scope

  (1)   This section applies if the responsible Commonwealth Minister consents under section   442 to:

  (a)   the surrender of a greenhouse gas assessment permit; or

  (b)   the surrender of a greenhouse gas holding lease; or

  (c)   the surrender, in whole or in part, of a greenhouse gas injection licence.

Surrender

  (2)   The registered holder of the permit, lease or licence may, by written notice given to the responsible Commonwealth Minister, surrender:

  (a)   in the case of a permit or lease--the permit or lease; or

  (b)   in the case of a licence--the whole or the part, as the case may be, of the licence.

When surrender takes effect

  (3)   The surrender takes effect on the day on which notice of the surrender is published in the Gazette .