Document ID: chunk:federal_register_of_legislation:C2024C00828:section:329a:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 329A (pt 1/3)
Character Range: 892444–895283

329A  Application for cross‑boundary greenhouse gas holding lease by the holder of a cross‑boundary greenhouse gas assessment permit

Scope
 (1) This section applies if:
 (a) a cross‑boundary greenhouse gas assessment permit is in force; and
 (b) one or more identified greenhouse gas storage formations are wholly situated in the permit area; and
 (c) either:
 (i) in a case where part of the permit area is in the coastal waters of a State—the State has a compatible cross‑boundary law; or
 (ii) in a case where part of the permit area is in the coastal waters of the Northern Territory—the Northern Territory has a compatible cross‑boundary law.

Single identified greenhouse gas storage formation
 (2) If a single identified greenhouse gas storage formation extends to:
 (a) only one block in the permit area; or
 (b) 2 or more blocks in the permit area;
the permittee may, within the application period, apply to the Titles Administrator for the grant by the Cross‑boundary Authority of a greenhouse gas holding lease over the block or blocks to which the identified greenhouse gas storage formation extends.
Note: For application period, see subsection (8).

Multiple identified greenhouse gas storage formations
 (3) If:
 (a) 2 or more identified greenhouse gas storage formations, when considered together, extend to only one block in the permit area; and
 (b) a vertical line would not pass through a point in each of those identified greenhouse gas storage formations;
the permittee may, within the application period, apply to the Titles Administrator for the grant by the Cross‑boundary Authority of a greenhouse gas holding lease over the block to which the identified greenhouse gas storage formations, when considered together, extend.
Note: For application period, see subsection (8).
 (4) If:
 (a) 2 or more identified greenhouse gas storage formations, when considered together, extend to:
 (i) only one block in the permit area; or
 (ii) 2 or more blocks in the permit area; and
 (b) a vertical line would pass through a point in each of those identified greenhouse gas storage formations;
the permittee may, within the application period, apply to the Titles Administrator for the grant by the Cross‑boundary Authority of a greenhouse gas holding lease over the block or blocks to which the identified greenhouse gas storage formations, when considered together, extend.
Note: For application period, see subsection (8).
 (5) If:
 (a) 2 or more identified greenhouse gas storage formations, when considered together, extend to 2 or more blocks in the permit area; and
 (b) a vertical line would not pass through a point in each of those identified greenhouse gas storage formations; and
 (c) for each identified greenhouse gas storage formation, at least one of the blocks to which the identified greenhouse gas storage