173
CurrentConsequence of failure to comply with notice to give proposed later development plan
Chapter 3GHG injection and storage leases
Part 6Key mandatory conditions for GHG leases
173 Consequence of failure to comply with notice to give proposed later development plan
(1)
If a GHG lease holder does not comply with a requirement under section 172(5)(a), the lease is cancelled.
(2)
However, the cancellation does not take effect until the Minister gives the holder a notice stating that the GHG lease has been cancelled because of the operation of subsection (1).
This Act’s bill:Explanatory memorandum
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