VICIn ForceAct
Greenhouse Gas Geological Sequestration Act 2008
112Payment of long-term monitoring and verification costs
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112 Payment of long-term monitoring and verification costs
(1) It is a condition of an injection and monitoring licence that the holder of the licence must pay an annual instalment of the estimated long-term monitoring and verification costs set out in the approved injection and monitoring plan.
(2) The annual instalment amount is to be a percentage fixed by the Minister of the total estimated cost.
(3) The licence holder must pay each instalment by the date that it is due to be paid.