Document ID: chunk:federal_register_of_legislation:C2024C00828:section:350
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 350
Character Range: 962201–963167

350  Renewal of greenhouse gas holding lease
  If:
 (a) an applicant has been given an offer document under section 348; and
 (b) the applicant has made a request under section 431 in relation to the offer document within the period applicable under that section; and
 (c) if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 433;
the responsible Commonwealth Minister must renew the greenhouse gas holding lease.
Note 1: If the applicant does not make a request under section 431 within the period applicable under that section, the application lapses at the end of that period—see subsection 431(4).
Note 2: If the applicant has not lodged the security within the period applicable under section 433, the application lapses at the end of that period—see section 433.

Subdivision B—Renewal of a cross‑boundary greenhouse gas holding lease