Offshore Petroleum and Greenhouse Gas Storage Act 2010
361Retention lease transfer—transferee to be treated as applicant
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361 Retention lease transfer—transferee to be treated as applicant
(1) This section applies if a transfer of a petroleum retention lease is registered under section 514—
(a) after an application has been made under section 357 for the grant of a greenhouse gas holding lease over a block or blocks in relation to which the petroleum retention lease is in force; and
(b) before any action has been taken by the Minister under section 359 in relation to the application.
(2) After the transfer, sections 359 and 360 and Part 3.8 have effect in relation to the application as if any reference in those sections and that Part to the applicant were a reference to the transferee.
Division 3—Renewal of greenhouse gas holding leases