314Renewal of greenhouse gas assessment permit

314 Renewal of greenhouse gas assessment permit

The Minister must renew a greenhouse gas assessment permit to which an application for renewal under section 311 relates if—

(a) an applicant has been given an offer document under section 312; and

(b) the applicant has made a request under section 463 in relation to the offer document within the period applicable under that section; and

(c) if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 465.

1 If the applicant does not make a request under section 463 within the period applicable under that section, the application lapses at the end of that period—see section 463(4).

2 If the applicant has not lodged the security within the period applicable under section 465, the application lapses at the end of that period—see section 465.

Division 5—Declaration of identified greenhouse gas storage formation