sec.392AOOverlapping lease application for all of the land

### sec.392AO Overlapping lease application for all of the land This section applies if— the overlapping authority priority is for all of the land; and within the overlapping authority application period the overlapping permit holder applies for an overlapping lease for all of the land. A further step can not be taken to decide the petroleum lease application until after the overlapping lease application has been decided. The Geothermal Act , chapter 5 , part 5 and the GHG storage Act , chapter 4 , part 5 provide for refusal of the overlapping lease application if it is not pursued in a timely manner. If the decision on the overlapping lease application is to grant an overlapping lease for all of the land, the petroleum lease application is taken to have lapsed. s 392AO ins 2009 No. 3 s 554 sub 2010 No. 31 s 549 (sec.392AO-ssec.1) This section applies if— the overlapping authority priority is for all of the land; and within the overlapping authority application period the overlapping permit holder applies for an overlapping lease for all of the land. (sec.392AO-ssec.2) A further step can not be taken to decide the petroleum lease application until after the overlapping lease application has been decided. The Geothermal Act , chapter 5 , part 5 and the GHG storage Act , chapter 4 , part 5 provide for refusal of the overlapping lease application if it is not pursued in a timely manner. (sec.392AO-ssec.3) If the decision on the overlapping lease application is to grant an overlapping lease for all of the land, the petroleum lease application is taken to have lapsed. - (a) the overlapping authority priority is for all of the land; and - (b) within the overlapping authority application period the overlapping permit holder applies for an overlapping lease for all of the land.