Offshore Petroleum and Greenhouse Gas Storage Act 2010
478Surrender of title
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478 Surrender of title
(1) This section applies if the Minister consents under section 474 to—
(a) the surrender of a greenhouse gas assessment permit; or
(b) the surrender of a greenhouse gas holding lease; or
(c) the surrender, in whole or in part, of a greenhouse gas injection licence.
(2) The registered holder of the permit, lease or licence may, by written notice given to the Minister, surrender—
(a) in the case of a permit or lease—the permit or lease; or
(b) in the case of a licence—the whole or the part, as the case may be, of the licence.
(3) The surrender takes effect on the day on which notice of the surrender is published in the Government Gazette.
Division 2—Surrender of greenhouse gas search authorities and greenhouse gas special authorities