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

Schedule 1 Amendments relating to greenhouse gas storage etc.

Insert:

post-commencement retention lease means:

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

(i) a post-commencement exploration permit; or

(ii) a post-commencement production licence;

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

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

(i) a post-commencement exploration permit; or

(ii) a post-commencement production licence;

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