Document ID: chunk:federal_register_of_legislation:C2024C00828:section:400
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 400
Character Range: 1141379–1142442

400  Indemnity—long‑term liability

Scope
 (1) This section applies if:
 (a) a site closing certificate is in force in relation to an identified greenhouse gas storage formation; and
 (b) when the application for the certificate was made, the formation was specified in a greenhouse gas injection licence; and
 (c) there is a closure assurance period in relation to the formation; and
 (d) the following conditions are satisfied in relation to a liability of an existing person who is or has been the registered holder of the licence (whether or not the licence is in force):
 (i) the liability is a liability for damages;
 (ii) the liability is attributable to an act done or omitted to be done in the carrying out of operations authorised by the licence in relation to the formation;
 (iii) the liability is incurred or accrued after the end of the closure assurance period in relation to the formation;
 (iv) such other conditions (if any) as are specified in the regulations.

Indemnity
 (2) The Commonwealth must indemnify the person against the liability.