(1) If—
(a) a greenhouse gas holding lease (other than a special greenhouse gas holding lease) is in force over a block or blocks; and
(b) before the time when the lease would, apart from this subsection, expire, the lessee applies to the Minister for the grant of a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks—
the table has effect—
Extension of lease | ||
---|---|---|
|
|
the lease continues in force over the block or blocks covered by the application until... |
1 |
the Minister gives the lessee an offer document relating to a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks |
the special greenhouse gas holding lease or greenhouse gas injection licence is granted, the lessee withdraws the application or the application lapses. |
2 |
the application is for a special greenhouse gas holding lease and the Minister refuses to grant the lease to the lessee |
notice of the refusal is given to the lessee. |
3 |
the application is for a greenhouse gas injection licence and the Minister refuses to grant the licence to the lessee on a ground covered by section 383(1) (c), (d), (e), (f) or (g) |
the end of the period of 90 days after the day on which the notice of the refusal was given to the lessee. |
4 |
the application is for a greenhouse gas injection licence and the Minister refuses to grant the licence to the lessee on a ground not mentioned in item 3 |
notice of refusal is given to the lessee. |
(2) Subsection (1) has effect subject to this Chapter but despite section 332.
Note
See the notes at the end of section 332.
S. 333A inserted by No. 26/2021 s. 27.