Commonwealth Consolidated Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 447

Cancellation of title

  (1)   The table has effect:

 

Cancellation

Item

If there is a ground for cancelling...

the responsible Commonwealth Minister may, by written notice given to the registered holder,...

1

a greenhouse gas assessment permit

cancel the permit.

2

a greenhouse gas holding lease

cancel the lease.

3

a greenhouse gas injection licence

cancel the licence.

Note:   Consultation procedures apply--see section   448.

  (2)   In exercising a power conferred by subsection   (1), the responsible Commonwealth Minister must take into account any action taken by the registered holder:

  (a)   to remove the ground of cancellation; or

  (b)   to prevent the recurrence of similar grounds.

  (3)   A cancellation takes effect on the day on which notice of the cancellation is published in the Gazette .

  (4)   Before making a decision under subsection   (1) to cancel:

  (a)   a cross - boundary greenhouse gas assessment permit; or

  (b)   a cross - boundary greenhouse gas holding lease; or

  (c)   a cross - boundary greenhouse gas injection licence;

wholly or partly on the ground set out in paragraph   446(a), the responsible Commonwealth Minister must consult:

  (d)   if a part of the permit area, lease area or licence area, as the case may be, is located in the coastal waters of a State--the responsible State Minister of the State; or

  (e)   if a part of the permit area, lease area or licence area, as the case may be, is located in the coastal waters of the Northern Territory--the responsible Northern Territory Minister.



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