Document ID: chunk:federal_register_of_legislation:C2024C00828:section:137:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 137 (pt 1/2)
Character Range: 352493–355313

137  Declared petroleum retention lease—approval by responsible Commonwealth Minister of key petroleum operations
 (1) The registered holder of a declared petroleum retention lease may apply to the responsible Commonwealth Minister for approval to carry on one or more key petroleum operations under the lease.
 (2) If an application for approval is made under subsection (1), the responsible Commonwealth Minister may:
 (a) give the approval; or
 (b) by written notice given to the applicant, refuse to give the approval.

Responsible Commonwealth Minister must have regard to certain matters
 (3) In deciding whether to give the approval, the responsible Commonwealth Minister must comply with subsections (4), (5), (6) and (7).
 (4) The responsible Commonwealth Minister must have regard to the impact (if any) that any of those key petroleum operations could have on:
 (a) operations for the injection of a greenhouse gas substance; or
 (b) operations for the storage of a greenhouse gas substance;
that are being, or could be, carried on under:
 (c) an existing greenhouse gas assessment permit; or
 (d) an existing greenhouse gas holding lease; or
 (e) an existing greenhouse gas injection licence; or
 (f) if a greenhouse gas assessment permit or a greenhouse gas holding lease is in force over a block or blocks:
 (i) a future greenhouse gas holding lease over the block or any of the blocks; or
 (ii) a future greenhouse gas injection licence over the block or any of the blocks.
 (5) If the responsible Commonwealth Minister is satisfied that there is a significant risk that any of those key petroleum operations will have a significant adverse impact on:
 (a) operations for the injection of a greenhouse gas substance; or
 (b) operations for the storage of a greenhouse gas substance;
that are being, or could be, carried on under:
 (c) an existing greenhouse gas assessment permit held by a person other than the applicant; or
 (d) an existing greenhouse gas holding lease held by a person other than the applicant; or
 (e) an existing greenhouse gas injection licence held by a person other than the applicant;
the responsible Commonwealth Minister must have regard to:
 (f) whether the registered holder of the greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence, as the case may be, has agreed, in writing, to the applicant carrying on the key petroleum operations in respect of which the responsible Commonwealth Minister is so satisfied; and
 (g) if so—the terms of that agreement.
 (6) If:
 (a) the responsible Commonwealth Minister is satisfied that there is a significant risk that any of those key petroleum operations will have a significant adverse impact on:
 (i) operations for the injection of a greenhouse gas substance; or
 (ii) operations for