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Offshore Petroleum and Greenhouse Gas Storage Act 2010
369Cancellation of certain greenhouse gas holding leases granted to the holders of petroleum retention leases
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369 Cancellation of certain greenhouse gas holding leases granted to the holders of petroleum retention leases
(a) a greenhouse gas holding lease is tied to a petroleum retention lease; and
(b) the petroleum retention lease is cancelled, surrendered or wholly revoked.
(2) The Minister must cancel the greenhouse gas holding lease.
Part 3.4—Greenhouse gas injection licences