12Renewal of greenhouse gas titles

12 Renewal of greenhouse gas titles

(1) For the purposes of this Act, the table has effect—

| Renewal of titles | | | | | Item | Column 1<br>A reference in this Act to... | | Column 2<br>is a reference to... | | 1 | the renewal, or the grant of a renewal, of a greenhouse gas assessment permit | | the grant of a greenhouse gas assessment permit over all of the blocks in relation to which the permit mentioned in column 1 was in force, to begin on the day after the expiry date of the permit mentioned in column 1. | | 2 | | the renewal, or the grant of a renewal, of a greenhouse gas holding lease | the grant of a greenhouse gas holding lease over all of the blocks in relation to which the lease mentioned in column 1 was in force, to begin on the day after the expiry date of the lease mentioned in column 1. |

S. 12(2) inserted by No. 16/2018 s. 6.

(a) a greenhouse gas assessment permit has been granted on the basis that an area (the relevant area) is within the offshore area; and

(c) immediately before the change, the relevant area was a part of the permit area—

then, in determining what constitutes the renewal, or the grant of a renewal, of the permit, item 1 of the table in subsection (1) has effect as if—

(d) the permit had been varied to exclude from the permit area any area that is not within the offshore area; and

S. 12(3) inserted by No. 16/2018 s. 6.

(a) a greenhouse gas holding lease has been granted on the basis that an area (the relevant area) is within the offshore area; and

(c) immediately before the change, the relevant area was a part of the lease area—

then, in determining what constitutes the renewal, or the grant of a renewal, of the lease, item 2 of the table in subsection (1) has effect as if—

(d) the lease had been varied to exclude from the lease area any area that is not within the offshore area; and

S. 12(4) inserted by No. 16/2018 s. 6.

(4) For the purposes of subsections (2) and (3)—

(a) disregard section 499; and