Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 295

Extension of greenhouse gas assessment permit if permittee applies for a declaration of an identified greenhouse gas storage formation

    (1)     If—

        (a)     a greenhouse gas assessment permit is in force; and

        (b)     before the time when the permit would, apart from this subsection, expire, the permittee applies to the Minister for a declaration of an identified greenhouse gas storage formation; and

        (c)     if the declaration were made in accordance with the application, the identified greenhouse gas storage formation would be wholly situated in the permit area

the permit continues in force until whichever is the latest of the following times—

        (d)     if the Minister makes a declaration of an identified greenhouse gas storage formation that is wholly situated in the permit area—the end of the period of 12 months after the day on which the declaration is made;

        (e)     if the Minister refuses to make a declaration of an identified greenhouse gas storage formation that is wholly situated in the permit area—the time when notice of the refusal is given to the permittee;

        (f)     the time when the permit would, apart from this subsection, expire.

    (2)     Subsection (1) has effect subject to this Chapter, but despite section 294.

Note

See the notes at the end of section 294.



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