Queensland Consolidated Acts

GREENHOUSE GAS STORAGE ACT 2009 - SECT 75

75 Sub-blocks that can not be counted towards relinquishment

(1) The following can not be counted as sub-blocks relinquished for the relinquishment condition—

(a) sub-blocks relinquished under a condition imposed under section 69 (6) ;

(b) sub-blocks in an area that under section 48 , have ceased to be included in the GHG permit;

(c) the mere declaration of the sub-blocks as a potential storage area for the GHG permit;

(d) sub-blocks the subject of an application for a GHG lease or potential storage area;

(e) sub-blocks relinquished under a penalty relinquishment.

(2) To remove any doubt, it is declared that a potential storage area can be relinquished and can be counted as an area relinquished for the relinquishment condition.

(3) In this section—

"penalty relinquishment" means a relinquishment that is—

(a) made under section 90 or under a requirement under section 379 (1) (b) ; and

(b) more than the sub-blocks required to be relinquished under the relinquishment condition.