Document ID: chunk:federal_register_of_legislation:C2024C00828:section:320
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 320
Character Range: 851355–853028

320  Conditions of greenhouse gas holding leases (other than cross‑boundary greenhouse gas holding leases)
 (1A) This section does not apply to a cross‑boundary greenhouse gas holding lease.
 (1) The responsible Commonwealth Minister may grant a greenhouse gas holding lease subject to whatever conditions the responsible Commonwealth Minister thinks appropriate.
 (2) The conditions (if any) must be specified in the lease.

Approval of key greenhouse gas operations
 (3) A 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 321; and
 (b) the lessee complies with the conditions (if any) to which the approval is subject.

Securities
 (4) A 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 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).