Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 (117 of 2008)
Schedule 1 Amendments relating to greenhouse gas storage etc.
Offshore Petroleum Act 2006
65 Section 6
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.
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