Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 365

Renewal of greenhouse gas holding lease

        The Minister must renew a greenhouse gas holding lease if—

        (a)     an applicant has been given an offer document under section 363; and

        (b)     the applicant has made a request under section 463 in relation to the offer document within the period applicable under that section; and

        (c)     if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 465.

Notes

1     If the applicant does not make a request under section 463 within the period applicable under that section, the application lapses at the end of that period—see section 463(4).

2         If the applicant has not lodged the security within the period applicable under section 465, the application lapses at the end of that period—see section 465.

Division 4 —Directions



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