Document ID: chunk:federal_register_of_legislation:C2024C00828:section:362:p3
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 362 (pt 3/6)
Character Range: 1014706–1017724

that any of the operations that could be carried on under the greenhouse gas injection licence will have a significant adverse impact on operations to recover the petroleum; and
 (g) the responsible Commonwealth Minister is 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 licence; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the licence; and
 (h) the responsible Commonwealth Minister is satisfied that the draft site plan that accompanied the application satisfies the criteria specified in the regulations; and
 (i) the responsible Commonwealth Minister is satisfied of the matters (if any) prescribed by the regulations;
the responsible Commonwealth Minister must give the applicant a written notice (called an offer document) telling the applicant that the responsible Commonwealth Minister is prepared to grant the applicant a greenhouse gas injection licence over the block or blocks specified in the application, on the basis that the matters to be specified in the greenhouse gas injection licence as mentioned in paragraphs 358(3)(d) to (k) will be in accordance with the application.

Application by lessee
 (2) If:
 (a) an application for the grant of a greenhouse gas injection licence has been made under section 361 by a greenhouse gas holding lessee; and
 (b) the responsible Commonwealth Minister is satisfied that, if the greenhouse gas injection licence were granted to the applicant, the applicant will, within 5 years after the grant, commence operations to:
 (i) inject a greenhouse gas substance into the identified greenhouse gas storage formation, or at least one of the identified greenhouse gas storage formations, concerned; and
 (ii) permanently store the greenhouse gas substance in the identified greenhouse gas storage formation, or at least one of the identified greenhouse gas storage formations, concerned; and
 (c) if the responsible Commonwealth Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the greenhouse gas injection licence will have a significant adverse impact on petroleum exploration operations, or petroleum recovery operations, that are being, or could be, carried on under:
 (i) an existing post‑commencement petroleum exploration permit; or
 (ii) an existing post‑commencement petroleum retention lease (other than a petroleum retention lease granted under section 150); or
 (iii) a future post‑commencement petroleum production licence over the block or any of the blocks to which an existing post‑commencement petroleum exploration permit, or an existing post‑commencement petroleum retention lease (other than a petroleum retention lease granted under section 150), relates;
  the responsible Commonwealth Minister is satisfied that the grant of the greenhouse gas injection licence