Document ID: chunk:federal_register_of_legislation:C2024C00828:section:164
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 164
Character Range: 411226–413266

164  Declared petroleum production licences
 (1) If:
 (a) a post‑commencement petroleum production licence is in force; and
 (b) the responsible Commonwealth Minister is satisfied that there is a significant risk that any of the key petroleum operations that could be carried on under the licence will have a significant adverse impact on:
 (i) operations for the injection of a greenhouse gas substance; or
 (ii) operations for the storage of a greenhouse gas substance;
  that are being, or could be, carried on under:
 (iii) an existing greenhouse gas assessment permit; or
 (iv) an existing greenhouse gas holding lease; or
 (v) an existing greenhouse gas injection licence; or
 (vi) a future greenhouse gas assessment permit; or
 (vii) a future greenhouse gas holding lease; or
 (viii) a future greenhouse gas injection licence;
the responsible Commonwealth Minister must, by written notice given to the petroleum production licensee, determine that the petroleum production licence is a declared petroleum production licence for the purposes of this Act.
 (2) If:
 (a) a determination is in force under subsection (1) in relation to a post‑commencement petroleum production licence; and
 (b) the responsible Commonwealth Minister is not satisfied that there is a significant risk that any of the key petroleum operations that could be carried on under the licence will have a significant adverse impact on:
 (i) operations for the injection of a greenhouse gas substance; or
 (ii) operations for the storage of a greenhouse gas substance;
  that are being, or could be, carried on under:
 (iii) an existing greenhouse gas assessment permit; or
 (iv) an existing greenhouse gas holding lease; or
 (v) an existing greenhouse gas injection licence; or
 (vi) a future greenhouse gas assessment permit; or
 (vii) a future greenhouse gas holding lease; or
 (viii) a future greenhouse gas injection licence;
the responsible Commonwealth Minister must, by written notice given to the petroleum production licensee, revoke the determination.