Document ID: chunk:federal_register_of_legislation:C2024C00828:section:383:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 383 (pt 2/5)
Character Range: 1109447–1112296

satisfied that it is practicable to eliminate the risk that any of the operations that are being, or could be, carried on under the greenhouse gas injection licence will have a significant adverse impact on:
 (i) operations to recover the petroleum; or
 (ii) the commercial viability of the recovery of the petroleum;
the responsible Commonwealth Minister must, by written notice given to the registered holder of the greenhouse gas injection licence:
 (g) give the registered holder of the greenhouse gas injection licence a direction for the purpose of eliminating the risk that operations that are being, or could be, carried on under the greenhouse gas injection licence could have a significant adverse impact on:
 (i) operations to recover the petroleum; or
 (ii) the commercial viability of the recovery of the petroleum; or
 (h) suspend, either:
 (i) for a specified period; or
 (ii) indefinitely;
  any or all of the rights conferred by the greenhouse gas injection licence; or
 (i) cancel the greenhouse gas injection licence.
 (2) A direction under paragraph (1)(g) may require the licensee to do something:
 (a) in the licence area; or
 (b) in an offshore area but outside the licence area.

Mitigation, management or remediation of risk
 (3) If:
 (a) the licence area of a greenhouse gas injection licence overlaps, in whole or in part:
 (i) the permit area of a pre‑commencement petroleum exploration permit held by a person other than the registered holder of the greenhouse gas injection licence; or
 (ii) the lease area of a pre‑commencement petroleum retention lease held by a person other than the registered holder of the greenhouse gas injection licence; or
 (iii) the licence area of a pre‑commencement petroleum production licence held by a person other than the registered holder of the greenhouse gas injection licence; or
 (iv) the area covered by a pre‑commencement State/Territory petroleum exploration title held by a person other than the registered holder of the greenhouse gas injection licence; or
 (v) the area covered by a pre‑commencement State/Territory petroleum retention title held by a person other than the registered holder of the greenhouse gas injection licence; or
 (vi) the area covered by a pre‑commencement State/Territory petroleum production title held by a person other than the registered holder of the greenhouse gas injection licence; and
 (b) petroleum is discovered in the area of overlap; and
 (c) the responsible Commonwealth Minister is satisfied that:
 (i) the recovery of the petroleum is commercially viable; or
 (ii) the recovery of the petroleum is not commercially viable, but is likely to become commercially viable at some time in the future; and
 (d) the responsible Commonwealth Minister is satisfied that there is a significant risk that any of the operations that are being, or