Document ID: chunk:federal_register_of_legislation:C2015A00033:clause:1_437
Version: federal_register_of_legislation:C2015A00033
Segment Type: clause
Provision Reference: sch 1 cl 437
Character Range: 10289–11515

437  Extension of term of greenhouse gas assessment permit or greenhouse gas holding lease—suspension of conditions

Scope
 (1) This section applies if, under section 436, the responsible Commonwealth Minister decides to suspend any of the conditions to which a greenhouse gas assessment permit or greenhouse gas holding lease is subject.

Extension of term
 (2) If the responsible Commonwealth Minister considers that the circumstances make it reasonable to do so, the responsible Commonwealth Minister may extend the term of the permit or lease by a period that the responsible Commonwealth Minister considers appropriate.
 (3) In considering what period of extension may be appropriate, the responsible Commonwealth Minister must have regard to:
 (a) the length of the period of suspension; and
 (b) such other matters (if any) as the responsible Commonwealth Minister considers relevant.
 (4) The extension may be:
 (a) in the notice of suspension; or
 (b) by a later written notice given to the permittee or lessee.
 (5) Subsection (2) has effect subject to this Chapter but despite:
 (a) in the case of a greenhouse gas assessment permit—section 293; and
 (b) in the case of a greenhouse gas holding lease—section 322.