Document ID: chunk:federal_register_of_legislation:C2024C00828:section:5
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 5
Character Range: 1195065–1197926

5                                                                                          a greenhouse gas holding lease                                                                        the lease is taken to continue in force until the responsible Commonwealth Minister grants, or refuses to grant, the renewal of the lease (see subsection 347(6)).

 (1A) An application under item 1 of the table in subsection (1) for a variation of any of the conditions to which a permit, lease or licence is subject may be set out in the same document as an application under that item for a suspension of any of the conditions to which the permit, lease or licence is subject.

Variation, suspension or exemption
 (2) The responsible Commonwealth Minister may, by written notice given to the permittee, lessee or licensee:
 (a) vary; or
 (b) suspend; or
 (c) exempt the permittee, lessee or licensee from compliance with;
any of the conditions to which the permit, lease, or licence is subject, on such conditions (if any) as are specified in the notice.
 (2A) In making a decision under subsection (2), the responsible Commonwealth Minister may have regard to:
 (a) whether the technical advice and financial resources available to the permittee, lessee or licensee are sufficient to:
 (i) carry out the operations and works that will be authorised by the permit, lease, or licence if the condition of the permit, lease or licence is varied or suspended or the permittee, lessee or licensee is exempt from compliance with the condition; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the permit, lease, or licence if the condition of the permit, lease or licence is varied or suspended or the permittee, lessee or licensee is exempt from compliance with the condition; and
 (b) any other matters prescribed by the regulations; and
 (c) any other matters the responsible Commonwealth Minister considers relevant.
 (3) A variation under subsection (2) may be in the same notice as a suspension under that subsection.

Notice of refusal of application
 (3A) If:
 (a) an application is made under item 1 of the table in subsection (1); and
 (b) the responsible Commonwealth Minister refuses the application;
the responsible Commonwealth Minister must:
 (c) by written notice given to the applicant, notify the applicant of the refusal; and
 (d) do so as soon as practicable after the refusal.

When variation takes effect
 (4) A variation of a greenhouse gas injection licence under this section takes effect on the day on which notice of the variation is published in the Gazette.
 (5) A variation of a greenhouse gas assessment permit or greenhouse gas holding lease under this section takes effect on the day on which notice of the variation is given to the permittee or lessee.