Document ID: chunk:federal_register_of_legislation:C2024C00828:section:136:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 136 (pt 2/2)
Character Range: 350136–352491

will not carry on key petroleum operations under the lease unless the responsible Commonwealth Minister has approved the operations under section 137.
 (12) Despite subsection (2), the condition mentioned in subsection (11) does not need to be specified in the lease.
 (13) If, under section 137, the responsible Commonwealth Minister approves the carrying on of one or more key petroleum operations under a declared petroleum retention lease, the responsible Commonwealth Minister may, by written notice given to the lessee, vary the lease by imposing one or more conditions to which the lease is subject.
 (14) A variation of a declared petroleum retention lease under subsection (13) takes effect on the day on which notice of the variation is given to the lessee.
 (15) A condition imposed under subsection (13) may require the lessee to ensure that:
 (a) all wells; or
 (b) one or more specified wells;
made in the lease area by any person engaged or concerned in operations authorised by the lease are made in a manner, and to a standard, that will facilitate the plugging or closing off of the wells in a way that restores or maintains the suitability of a part of a geological formation for the permanent storage of greenhouse gas substances.
 (16) Subsection (15) does not limit:
 (a) subsection (13); or
 (b) Part 6.2; or
 (c) Part 6.4.
 (17) If:
 (a) a declared petroleum retention lease is subject to a condition; and
 (b) the condition was imposed under subsection (13);
the responsible Commonwealth Minister may, by written notice given to the lessee, vary or revoke the condition.
 (18) A variation of a declared petroleum retention lease under subsection (17) takes effect on the day on which notice of the variation is given to the lessee.
 (19) Subsection (18) does not limit section 264.

Petroleum retention leases obtained as a result of a change to the boundary of the coastal waters of a State or Territory
 (20) The Joint Authority may, by written notice given to the lessee of a petroleum retention lease granted under section 152A, vary the lease by imposing one or more conditions to which the lease is subject.
 (21) A notice under subsection (20) must be given within 14 days after the grant of the lease.
 (22) A variation under subsection (20) takes effect on the day on which notice of the variation is given to the lessee.