153
CurrentGHG lease taken to have development plan until decision on whether to approve proposed development plan
Chapter 3GHG injection and storage leases
Part 5Development plans
Division 5Approval of proposed later development plans
153 GHG lease taken to have development plan until decision on whether to approve proposed development plan
(1)
This section applies until—
(a)
if the approval is given—the holder is given notice of the approval; or
(b)
if the approval is refused—when the refusal takes effect.
(2)
Despite the ending of the plan period for the current development plan for the GHG lease—
(a)
the GHG lease is taken to have a development plan; and
(b)
the holder may carry out any authorised activity for the GHG lease.
This Act’s bill:Explanatory memorandum
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