Document ID: chunk:federal_register_of_legislation:C2024C00828:section:314
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 314
Character Range: 843321–844879

314  Revocation of declaration of identified greenhouse gas storage formation

Scope
 (1) This section applies if a declaration is in force under section 312 or 312A in relation to a part of a geological formation.

Revocation of declaration
 (2) The responsible Commonwealth Minister may revoke the declaration if the responsible Commonwealth Minister is satisfied that, using any set of fundamental suitability determinants, the part is not an eligible greenhouse gas storage formation.
 (3) A copy of a revocation under subsection (2) must be published in the Gazette.

Consultation
 (4) Before revoking a declaration under subsection (2), the responsible Commonwealth Minister must consult:
 (a) if the part is wholly situated in the permit area of a greenhouse gas assessment permit—the permittee; or
 (b) if the part is wholly situated in the lease area of a greenhouse gas holding lease—the lessee; or
 (c) if the part is wholly situated in the licence area of a greenhouse gas injection licence—the licensee; or
 (d) if the part is wholly situated in the licence area of a petroleum production licence—the licensee; or
 (e) if the part is wholly situated in the lease area of a petroleum retention lease—the lessee.

Responsible Commonwealth Minister must consider whether to vary a declaration
 (5) If the responsible Commonwealth Minister proposes to revoke a declaration under subsection (2), the responsible Commonwealth Minister must consider whether the responsible Commonwealth Minister should instead vary the declaration under section 313.