Document ID: chunk:federal_register_of_legislation:C2024C00828:section:350a:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 350A (pt 1/2)
Character Range: 963167–965985

350A  Application for renewal of a cross‑boundary greenhouse gas holding lease

Application for renewal
 (1) The registered holder of a cross‑boundary greenhouse gas holding lease (other than a special cross‑boundary greenhouse gas holding lease) may apply to the Titles Administrator for the renewal by the Cross‑boundary Authority of the lease.
 (2) Despite subsection (1), an application to renew a cross‑boundary greenhouse gas holding lease must not be made unless:
 (a) in a case where part of the lease area is in the coastal waters of a State—the State has a compatible cross‑boundary law; or
 (b) in a case where part of the lease area is in the coastal waters of the Northern Territory—the Northern Territory has a compatible cross‑boundary law.
 (3) A cross‑boundary greenhouse gas holding lease cannot be renewed more than once.
 (4) An application to renew a cross‑boundary greenhouse gas holding lease must be made:
 (a) not more than 12 months before the expiry date of the lease; and
 (b) at least 180 days before the expiry date of the lease.
 (5) Despite subsection (4), the Titles Administrator may accept an application to renew a cross‑boundary greenhouse gas holding lease if the application is made:
 (a) later than 180 days before the expiry date of the lease; and
 (b) before the expiry date of the lease.
 (6) An application to renew a cross‑boundary greenhouse gas holding lease must:
 (a) be in the approved form; and
 (b) be accompanied by any information or documents required by the form.
 (6A) If the approved form requires the application to be accompanied by information or documents, an application under this section is taken to be accompanied by the information or documents if the information or documents are given to the Titles Administrator before the expiry date of the lease.
 (6B) For the purposes of subsection (6A), disregard the effect of subsection (7).
Note 1: Part 3.8 contains additional provisions about application procedures.
Note 2: Section 427 requires the application to be accompanied by an application fee.
Note 3: Section 429A enables the Titles Administrator to require the applicant to give further information.

Extension of duration of greenhouse gas holding lease pending decision on application
 (7) If:
 (a) a cross‑boundary greenhouse gas holding lessee makes an application to renew the lease; and
 (b) the lease would, apart from this subsection, expire:
 (i) before the Cross‑boundary Authority grants, or refuses to grant, the renewal of the lease; or
 (ii) before the application lapses as provided by section 431A;
the lease continues in force:
 (c) until the Cross‑boundary Authority grants, or refuses to grant, the renewal of the lease; or
 (d) until the application so lapses;
whichever happens first.
 (8) Subsection (7) has effect subject