Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 439B

Scope

  (1)   This section applies if, under section   439A, the Cross - boundary Authority decides to suspend any of the conditions to which a cross - boundary greenhouse gas assessment permit or cross - boundary greenhouse gas holding lease is subject.

Extension of term

  (2)   If the Cross - boundary Authority considers that the circumstances make it reasonable to do so, the Cross - boundary Authority may extend the term of the permit or lease by a period that the Cross - boundary Authority considers appropriate.

  (3)   In considering what period of extension may be appropriate, the Cross - boundary Authority must have regard to:

  (a)   the length of the period of suspension; and

  (b)   such other matters (if any) as the Cross - boundary Authority considers relevant.

  (4)   The extension may be:

  (a)   in the notice of suspension; or

  (b)   by a later written notice given to the permittee or lessee.

  (5)   Subsection   (2) has effect subject to this Chapter but despite:

  (a)   in the case of a cross - boundary greenhouse gas assessment permit--section   293; and

  (b)   in the case of a cross - boundary greenhouse gas holding lease--section   322.

Note:   See the notes at the end of sections   293 and 322.