sec.223Taking of effect of non-owner lease

### sec.223 Taking of effect of non-owner lease This section applies despite section 123 and any provision of a non-owner lease. The non-owner lease does not take effect until the day of effect fixed by the Minister, as notified to its holder. The Minister must not fix the day of effect unless— the holder has lodged a notice stating that the holder has entered into a storage agreement with any current owner of stored petroleum or prescribed storage gas; or all current owners of the stored petroleum or prescribed storage gas have lodged a notice relinquishing their ownership of any of the stored petroleum or prescribed storage gas (an ownership relinquishment notice ); or the period stated in the negotiation notice has ended and the Minister is satisfied the holder has complied with section 222 . s 223 amd 2011 No. 2 s 121 ; 2012 No. 20 s 281 sch 2 (sec.223-ssec.1) This section applies despite section 123 and any provision of a non-owner lease. (sec.223-ssec.2) The non-owner lease does not take effect until the day of effect fixed by the Minister, as notified to its holder. (sec.223-ssec.3) The Minister must not fix the day of effect unless— the holder has lodged a notice stating that the holder has entered into a storage agreement with any current owner of stored petroleum or prescribed storage gas; or all current owners of the stored petroleum or prescribed storage gas have lodged a notice relinquishing their ownership of any of the stored petroleum or prescribed storage gas (an ownership relinquishment notice ); or the period stated in the negotiation notice has ended and the Minister is satisfied the holder has complied with section 222 . - (a) the holder has lodged a notice stating that the holder has entered into a storage agreement with any current owner of stored petroleum or prescribed storage gas; or - (b) all current owners of the stored petroleum or prescribed storage gas have lodged a notice relinquishing their ownership of any of the stored petroleum or prescribed storage gas (an ownership relinquishment notice ); or - (c) the period stated in the negotiation notice has ended and the Minister is satisfied the holder has complied with section 222 .