Holders to be informed of the grant of greenhouse gas search authority
237 Holders to be informed of the grant of greenhouse gas search authority
Scope
This section applies if:
a person (the first person) is the registered holder of a petroleum special prospecting authority over a block; and
a greenhouse gas search authority is granted to another person (the second person) over the block.
Holders to be informed
The responsible Commonwealth Minister must, by written notice given to the first person, inform the first person of:
the operations authorised by the greenhouse gas search authority granted to the second person; and
the conditions of the greenhouse gas search authority granted to the second person.
The Titles Administrator must, by written notice given to the second person, inform the second person of:
the petroleum exploration operations authorised by the petroleum special prospecting authority granted to the first person; and
the conditions of the petroleum special prospecting authority granted to the first person.
This Act’s bill:Explanatory memorandumSecond reading speech
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