Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 397

Grant of greenhouse gas injection licence

If—

        (a)     an applicant has been given an offer document under section 395; 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—

the Minister must grant the applicant a greenhouse gas injection licence over the block or blocks specified in the offer document.

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.



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