Document ID: chunk:federal_register_of_legislation:C2024C00828:section:344a
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 344A
Character Range: 948940–949946

344A  Refusal to grant greenhouse gas holding lease
 (1) If:
 (a) an application for a greenhouse gas holding lease has been made under section 343; and
 (b) the responsible Commonwealth Minister is not satisfied that the technical advice and financial resources available to the applicant are sufficient to:
 (i) carry out the operations and works that will be authorised by the lease; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the lease;
the responsible Commonwealth Minister must, by written notice given to the applicant, refuse to grant the lease to the applicant.
 (2) If:
 (a) an application for a greenhouse gas holding lease has been made under section 343; and
 (b) the responsible Commonwealth Minister is not satisfied of the matters (if any) prescribed by the regulations;
the responsible Commonwealth Minister may, by written notice given to the applicant, refuse to grant the lease to the applicant.