78CG

Requirement to continue geothermal or GHG coordination arrangement

Current

(1)

This section applies if—

(a)

a lease under this Act has an overlapping authority (geothermal or GHG) that is a geothermal lease or GHG lease (the other lease); and

(b)

a geothermal coordination arrangement or GHG coordination arrangement applies to the lease under this Act; and

(c)

any of the following take place for the lease under this Act—

(i)

a renewal;

(ii)

a transfer;

(iii)

a subletting of the lease or a share in the lease.

(2)

It is a condition of the lease under this Act that its holder must continue to be a party to the following for the lease while the other lease continues in force—

(a)

if the other lease is a geothermal lease—a geothermal coordination arrangement;

(b)

if the other lease is a GHG lease—a GHG coordination arrangement.

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