Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 (117 of 2008)

Schedule 2   Amendments to change references to petroleum titles etc.

Part 1   Definitions

Offshore Petroleum and Greenhouse Gas Storage Act 2006

25E   Section 6

Insert:

post-commencement petroleum retention lease means:

(a) an original petroleum retention lease that was granted to the registered holder of:

(i) a post-commencement petroleum exploration permit; or

(ii) a post-commencement petroleum production licence;

that was in force over the block or blocks to which the original petroleum retention lease relates; or

(b) a petroleum retention lease that was granted by way of renewal, where the original petroleum retention lease was granted to the registered holder of:

(i) a post-commencement petroleum exploration permit; or

(ii) a post-commencement petroleum production licence;

that was in force over the block or blocks to which the original petroleum retention lease related.