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OFFSHORE ELECTRICITY INFRASTRUCTURE ACT 2021 - SECT 47

Extending the term of a commercial licence

  (1)   The licensing scheme may provide for the following:

  (a)   the holder of a commercial licence to apply to the Minister to extend the end day of the licence;

  (b)   procedures for the Minister to decide whether or not to grant such an extension;

  (c)   such an extension to be granted in respect of the whole licence area, or a part of the licence area (as long as this does not result in the part of the licence area that has not reached the end day being non - continuous);

  (d)   more than one such extension to be granted in respect of a particular licence.

Note 1:   If the declaration that applies to the licence area has been varied, the variation may affect an extension of the end day of the licence (see section   23).

Note 2:   For review of decisions, see section   297.

  (2)   An application under provisions of the licensing scheme made for the purposes of paragraph   (1)(a) may only be made at least 5 years before the end day of the licence.

  (3)   An extension must not result in the end day of a commercial licence being later than the day after the end of 40 years after the extension is made.

  (4)   An extension must not apply to any part of a licence area that is not a declared area at the time the extension is granted.

  (5)   If an extension results in there being different end days for different parts of a licence area, subsection   46(4) applies separately in respect of each such part.



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