60
CurrentProgram period
Chapter 2GHG exploration permits
Part 4Work programs
Division 4Requirements for proposed later work programs
60 Program period
(1)
The proposed program must state its period.
(2)
The period must not be longer than—
(a)
if the term of the rest, or the renewed term, of the GHG permit is less than 4 years—the rest of its term or renewed term; or
(b)
if the term of the rest, or the renewed term, of the GHG permit is 4 years or more, the following—
(i)
generally—4 years from the start of the period;
(ii)
if the Minister approves a longer period—the longer period.
(3)
However, the Minister can not approve a period longer than the rest of the term or renewed term of the GHG permit.
This Act’s bill:Explanatory memorandum
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