Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 15

Tied titles

    (1)     This section applies if a greenhouse gas holding lease (the greenhouse gas lease ) is granted under section 360 to the registered holder of a petroleum retention lease (the petroleum lease ).

    (2)     For the purposes of this Act, each of the following—

        (a)     the greenhouse gas lease;

        (b)     a greenhouse gas holding lease granted by way of renewal of the greenhouse gas lease;

        (c)     a greenhouse gas injection licence derived from a lease referred to in paragraph (a) or (b)—

is "tied" to each of the following—

        (d)     the petroleum lease;

        (e)     a petroleum retention lease granted by way of renewal of the petroleum lease;

        (f)     a petroleum production licence derived from a lease referred to in paragraph (d) or (e).



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