Offshore Petroleum and Greenhouse Gas Storage Act 2010
470Suspension of rights—greenhouse gas assessment permit or greenhouse gas holding lease
Start here
Get a plain-English read of 470
Turn the raw legal text into a practical explanation grounded in Offshore Petroleum and Greenhouse Gas Storage Act 2010.
470 Suspension of rights—greenhouse gas assessment permit or greenhouse gas holding lease
(1) If the Minister is satisfied that it is necessary to do so in the public interest, the Minister must, by written notice given to a greenhouse gas assessment permittee or greenhouse gas holding lessee, suspend, either—
(a) for a specified period; or
(b) indefinitely—
any or all of the rights conferred by the permit or lease.
(2) If any rights are suspended under subsection (1), any conditions that must be complied with in the exercise of those rights are also suspended.
(3) The Minister may, by written notice given to the permittee or lessee, terminate a suspension of rights under subsection (1).