Document ID: chunk:federal_register_of_legislation:C2024C00828:section:368b:p8
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 368B (pt 8/10)
Character Range: 1053818–1056742

or blocks; and
 (ii) the existing pre‑commencement State/Territory petroleum title in force over the State/Territory block or any of the State/Territory blocks is held by a person other than the applicant;
  the responsible Commonwealth Minister is satisfied that:
 (iii) the holder of the existing pre‑commencement State/Territory petroleum title has agreed, in writing, to the grant of the greenhouse gas injection licence; and
 (iv) to the extent to which the agreement is a dealing to which provisions of a law of the relevant State or Territory that correspond to Part 4.6 apply—the dealing has been approved under a provision of a law of the relevant State or Territory that corresponds to section 493 or the relevant State/Territory greenhouse gas storage administrator has notified the responsible Commonwealth Minister that the dealing is reasonably likely to be approved under that provision; and
 (v) to the extent to which the agreement is a dealing to which provisions of a law of the relevant State or Territory that correspond to Part 4.6 would apply if the future pre‑commencement State/Territory petroleum title were to come into existence—the relevant State/Territory greenhouse gas storage administrator has notified the responsible Commonwealth Minister that it is reasonably likely that the dealing would, after the future pre‑commencement State/Territory petroleum title comes into existence, be approved under a provision of a law of the relevant State or Territory that corresponds to section 493; and
 (vi) to the extent to which the agreement is a dealing to which provisions of a law of the relevant State or Territory that correspond to Part 5.6 would apply if the greenhouse gas injection licence were to come into existence—it is reasonably likely that the dealing would, after the greenhouse gas injection licence comes into existence, be approved under a provision of a law of the relevant State or Territory that corresponds to section 543; and
 (h) if:
 (i) the responsible Commonwealth Minister is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains petroleum; and
 (ii) the block or blocks as to which the responsible Commonwealth Minister is so satisfied are within the licence area of a petroleum production licence, the permit area of a pre‑commencement petroleum exploration permit, the lease area of a pre‑commencement petroleum retention lease, the relevant area of a pre‑commencement State/Territory petroleum exploration title, the relevant area of a pre‑commencement State/Territory petroleum retention title or the relevant area of a State/Territory petroleum production title; and
 (iii) the recovery of the petroleum passes the commercial viability test set out in subsection (5);
  the responsible Commonwealth Minister is satisfied that there is no significant risk that any of the operations that could be