82Grant of a licence

82 Grant of a licence

(1) The Minister may grant or refuse to grant an injection and monitoring licence.

(2) In determining whether to grant an injection and monitoring licence, the chief factors the Minister must take into account are—

(a) the merits of the work program proposed by the applicant; and

(b) the likelihood that the work program will be carried out; and

(c) the applicant's assessment of the suitability of the underground geological storage formation for the storage of the identified greenhouse gas substance; and

(d) the likelihood that the greenhouse gas substance will be permanently contained in the licence area; and

(e) if the application is made in response to an invitation under section 74, any other factors specified in the invitation.