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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (CROSS-BOUNDARY GREENHOUSE GAS TITLES AND OTHER MATTERS) AMENDMENT ACT 2021 (NO. 26 OF 2021) - SECT 23

Duration of greenhouse gas assessment permit

    (1)     After item 1 of the table in section 294(1) of the Principal Act insert

"1A

an original consolidated work‑bid greenhouse gas assessment permit, if—

(a)     both of the existing work‑bid greenhouse gas assessment permits mentioned in section 305A were original greenhouse gas assessment permits; or

(b)     both of the existing work‑bid greenhouse gas assessment permits mentioned in section 305A were granted by way of first renewal; or

(c)     both of the existing work-bid greenhouse gas assessment permits mentioned in section 305A were granted by way of second renewal—

and the grant of the original consolidated work-bid greenhouse gas assessment permit resulted in either or both of the following—

(d)         one of the existing work‑bid greenhouse gas assessment permits (the first precursor permit ) mentioned in section 305A ceasing to be in force before the time when it would have expired if the original consolidated work-bid greenhouse gas assessment permit had not been granted;

(e)     the other existing work-bid greenhouse gas assessment permit (the second precursor permit ) mentioned in section 305A ceasing to be in force before the time when it would have expired if the original consolidated work-bid greenhouse gas assessment permit had not been granted

for the period beginning on the day on which the permit is granted and ending at whichever is the later of the following times—

(a)     the time when the first precursor permit would have expired if it had not ceased to be in force;

(b)     the time when the second precursor permit would have expired if it had not ceased to be in force.

1B

an original consolidated work‑bid greenhouse gas assessment permit, if—

(a)     one of the existing work‑bid greenhouse gas assessment permits (the first precursor permit ) mentioned in section 305A was an original greenhouse gas assessment permit; and

(b)     the other existing work-bid greenhouse gas assessment permit mentioned in section 305A was granted by way of first renewal or second renewal; and

(c)     the grant of the original consolidated work-bid greenhouse gas assessment permit resulted in the first precursor permit ceasing to be in force before the time when it would have expired if the original consolidated work-bid greenhouse gas assessment permit had not been granted

for the period—

(a)     beginning on the day on which the permit is granted; and

(b)     ending at the time when the first precursor permit would have expired if it had not ceased to be in force.

1C

an original consolidated work‑bid greenhouse gas assessment permit, if—

(a)     one of the existing work‑bid greenhouse gas assessment permits (the first precursor permit ) mentioned in section 305A was granted by way of first renewal; and

(b)     the other existing work-bid greenhouse gas assessment permit mentioned in section 305A was granted by way of second renewal; and

(c)     the grant of the original consolidated work-bid greenhouse gas assessment permit resulted in the first precursor permit ceasing to be in force before the time when it would have expired if the original consolidated work-bid greenhouse gas assessment permit had not been granted

for the period—

(a)     beginning on the day on which the permit is granted; and

(b)     ending at the time when the first precursor permit would have expired if it had not ceased to be in force.

1D

an original consolidated work‑bid greenhouse gas assessment permit, if item 1A, 1B or 1C does not apply

for the period (not exceeding 12 months) specified in the permit.".

    (2)     At the end of the Notes at the foot of section 294 of the Principal Act insert

"8     For a special rule about the extension of the duration of a greenhouse gas assessment permit if the permittee applies for a cross‑boundary greenhouse gas assessment permit, see section 296A.

9     For a special rule about when a greenhouse gas assessment permit ceases to be in force following the grant of a consolidated work-bid greenhouse gas assessment permit, see section 305C.".



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