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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 481

Grounds for cancellation of title

For the purposes of this Division, each of the following is a ground for cancelling a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence

        (a)     the registered holder has not complied with a condition to which the permit, lease or licence is subject;

        (b)     the registered holder has not complied with a direction given to the holder by the Minister under this Chapter, Chapter 6 or Part 8.1;

        (c)     the registered holder has not complied with a provision of—

              (i)     this Chapter; or

              (ii)     Chapter 5; or

              (iii)     Chapter 6; or

              (iv)     Part 8.1; or

              (v)     the regulations;

        (d)         the registered holder has not paid an amount payable by the holder under this Act within the period of 90 days after the day on which the amount became payable;

        (e)     in the case of a greenhouse gas injection licence

              (i)     if a single identified greenhouse gas storage formation is wholly situated in the licence area—the declaration under section 318 that relates to the identified greenhouse gas storage formation is revoked under section 320; or

              (ii)     if 2 or more identified greenhouse gas storage formations are wholly situated in the licence area—each of the declarations under section 318 that relate to those identified greenhouse gas storage formations is revoked under section 320;

        (f)     in the case of a greenhouse gas holding lease

              (i)     if a single identified greenhouse gas storage formation is wholly situated in the lease area—the declaration under section 318 that relates to the identified greenhouse gas storage formation is revoked under section 320; or

              (ii)     if 2 or more identified greenhouse gas storage formations are wholly situated in the lease area—each of the declarations under section 318 that relate to those identified greenhouse gas storage formations is revoked under section 320.



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