Victorian Current Acts Victorian Current Acts(1) The registered holder of a greenhouse gas holding lease (other than a special greenhouse gas holding lease) may apply to the Minister for the renewal by the Minister of the lease.
(2) A greenhouse gas holding lease cannot be renewed more than once.
(3) An application to renew a greenhouse gas holding lease must be made—
(a) not more than 12 months before the expiry date of the lease; and
(b) at least 180 days before the expiry date of the lease.
(4) Despite subsection (3), the Minister may accept an application to renew a greenhouse gas holding lease if the application is made—
(a) later than 180 days before the expiry date of the lease; and
(b) before the expiry date of the lease.
(5) An application to renew a greenhouse gas holding lease must be accompanied by details of—
(a) the lessee's proposals for work and expenditure in relation to the lease area; and
(b) such other information (if any) as is specified in the regulations.
Notes
1 Part 3.8 contains additional provisions about application procedures.
2 Section 459 requires the application to be accompanied by an application fee.
3 Section 461 enables the Minister to require the applicant to give further information.
(6) If—
(a) a greenhouse gas holding lessee makes an application to renew the lease; and
(b) the lease would, apart from this subsection, expire—
(i) before the Minister grants, or refuses to grant, the renewal of the lease; or
(ii) before the application lapses as provided by section 463—
the lease continues in force until—
(c) the Minister grants, or refuses to grant, the renewal of the lease; or
(d) the application lapses—
whichever happens first.
(7) Subsection (6) has effect subject to this Chapter but despite section 332.
Note
See the notes at the end of section 332.