Queensland Consolidated Acts

GREENHOUSE GAS STORAGE ACT 2009 - SECT 76

76 Adjustments for sub-blocks that can not be counted

(1) This section applies for a relinquishment day if after taking away all sub-blocks that under section 75 can not be counted for the relinquishment condition, the balance of the sub-blocks of the GHG permit is less than the sub-blocks required to be relinquished under section 74 .

(2) The relinquishment condition is taken to have been complied with if the GHG permit holder gives a relinquishment notice for all of the balance.

(3) However, if—

(a) a sub-block not counted for the relinquishment condition was the subject of an application for a GHG lease or potential storage area; and

(b) the result of the application is that it is refused;

the GHG permit holder must within 20 business days after the appeal period for the decision to refuse give a relinquishment notice for that sub-block.