Document ID: chunk:federal_register_of_legislation:C2020A00043:clause:1_320a
Version: federal_register_of_legislation:C2020A00043
Segment Type: clause
Provision Reference: sch 1 cl 320A
Character Range: 100173–101763

320A  Conditions of cross‑boundary greenhouse gas holding leases
 (1) The Cross‑boundary Authority may grant a cross‑boundary greenhouse gas holding lease subject to whatever conditions the Cross‑boundary Authority thinks appropriate.
 (2) The conditions (if any) must be specified in the lease.

Approval of key greenhouse gas operations
 (3) A cross‑boundary greenhouse gas holding lease is subject to the condition that the lessee will not carry on key greenhouse gas operations under the lease unless:
 (a) the responsible Commonwealth Minister has approved the operations under section 321A; and
 (b) the lessee complies with the conditions (if any) to which the approval is subject.

Securities
 (4) A cross‑boundary greenhouse gas holding lease is subject to the condition that, if the lessee is given a notice under section 454, the lessee will comply with the notice.

Work to be carried out by lessee
 (5) Any or all of the following conditions may be specified in a cross‑boundary greenhouse gas holding lease:
 (a) conditions requiring the lessee to carry out work in, or in relation to, the lease area;
 (b) conditions about the amounts that the lessee must spend in carrying out such work;
 (c) conditions requiring the lessee to comply with directions that:
 (i) relate to the matters covered by paragraphs (a) and (b); and
 (ii) are given in accordance with the lease.

Other provisions
 (6) Despite subsection (2), the conditions mentioned in subsections (3) and (4) do not need to be specified in the lease.
 (7) Subsections (3), (4) and (5) do not limit subsection (1).