sec.221Negotiation notice

### sec.221 Negotiation notice This section applies if, as a result of the call for tenders, a petroleum lease (a non-owner lease ) is granted to someone other than a current owner of the stored petroleum or prescribed storage gas. The Minister must— give each current owner of the stored petroleum or prescribed storage gas a notice (a negotiation notice ) stating— who holds the non-owner lease; and a period within which all current owners of the stored petroleum or prescribed storage gas have to reach a storage agreement with the holder; and give the holder a copy of the negotiation notice. (sec.221-ssec.1) This section applies if, as a result of the call for tenders, a petroleum lease (a non-owner lease ) is granted to someone other than a current owner of the stored petroleum or prescribed storage gas. (sec.221-ssec.2) The Minister must— give each current owner of the stored petroleum or prescribed storage gas a notice (a negotiation notice ) stating— who holds the non-owner lease; and a period within which all current owners of the stored petroleum or prescribed storage gas have to reach a storage agreement with the holder; and give the holder a copy of the negotiation notice. - (a) give each current owner of the stored petroleum or prescribed storage gas a notice (a negotiation notice ) stating— (i) who holds the non-owner lease; and (ii) a period within which all current owners of the stored petroleum or prescribed storage gas have to reach a storage agreement with the holder; and - (i) who holds the non-owner lease; and - (ii) a period within which all current owners of the stored petroleum or prescribed storage gas have to reach a storage agreement with the holder; and - (b) give the holder a copy of the negotiation notice. - (i) who holds the non-owner lease; and - (ii) a period within which all current owners of the stored petroleum or prescribed storage gas have to reach a storage agreement with the holder; and