Document ID: chunk:federal_register_of_legislation:C2024C00828:section:27a:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 27A (pt 2/2)
Character Range: 145144–147025

future State/Territory petroleum retention title; or
 (l) a future State/Territory petroleum production title;
if, and only if, the key greenhouse gas operation will result in:
 (m) an increase in the capital costs (other than prescribed costs) of the petroleum exploration operations or petroleum recovery operations; or
 (n) an increase in the operating costs (other than prescribed costs) of the petroleum exploration operations or petroleum recovery operations; or
 (o) a reduction in the rate of recovery of the petroleum; or
 (p) a reduction in the quantity of the petroleum that will be able to be recovered.
 (6) For the purposes of sections 292A and 321A and paragraph 749(2)(ba), if there is a risk that a key greenhouse gas operation will have an adverse impact on petroleum exploration operations, or petroleum recovery operations, that are being, or could be, carried on under:
 (a) an existing petroleum exploration permit; or
 (b) an existing petroleum retention lease; or
 (c) an existing petroleum production licence; or
 (d) a future petroleum exploration permit; or
 (e) a future petroleum retention lease; or
 (f) a future petroleum production licence; or
 (g) an existing State/Territory petroleum exploration title; or
 (h) an existing State/Territory petroleum retention title; or
 (i) an existing State/Territory petroleum production title; or
 (j) a future State/Territory petroleum exploration title; or
 (k) a future State/Territory petroleum retention title; or
 (l) a future State/Territory petroleum production title;
then that risk is not to be treated as significant, and that adverse impact is not to be treated as significant, if the amount that, under the regulations, is taken to be the probability‑weighted impact cost of the key greenhouse gas operation is less than the amount that, under the regulations, is taken to be the threshold amount.