(1) This section applies if, under section 468, the Minister—
(a) suspends any of the conditions to which a greenhouse gas assessment permit or greenhouse gas holding lease is subject; or
(b) exempts a greenhouse gas assessment permittee or greenhouse gas holding lessee from compliance with any of the conditions to which the permit or lease is subject.
(2) Despite section 468(3), if the Minister considers that the circumstances make it reasonable to do so, the Minister may extend the term of the permit or lease by a period not more than the period of the suspension or exemption.
(3) The extension may be—
(a) in the notice of suspension or exemption; or
(b) by a later written notice given to the permittee or lessee.