sec.177Requirements for making surrender application

sec.177 Requirements for making surrender application

A surrender application must be— made to the Minister in the approved form; and accompanied by the fee prescribed under a regulation. A surrender application must also be accompanied by a report by the applicant stating each of the following— the authorised activities for the GHG lease carried out on the area the subject of the application; the results of the activities; the applicant’s modelling of the behaviour of GHG streams injected under the GHG lease; information relevant to the modelling and the applicant’s analysis of the information; the applicant’s assessment of— the behaviour of GHG streams injected under the GHG lease; and the expected migration pathway or pathways of the GHG streams; and the short-term and long-term consequences of the migration; the applicant’s suggestions for the approach to be taken by the State if the surrender is approved, to monitor and verify the behaviour of the GHG streams; any other information prescribed under a regulation. Maximum penalty for subsection (2) —500 penalty units. (sec.177-ssec.1) A surrender application must be— made to the Minister in the approved form; and accompanied by the fee prescribed under a regulation. (sec.177-ssec.2) A surrender application must also be accompanied by a report by the applicant stating each of the following— the authorised activities for the GHG lease carried out on the area the subject of the application; the results of the activities; the applicant’s modelling of the behaviour of GHG streams injected under the GHG lease; information relevant to the modelling and the applicant’s analysis of the information; the applicant’s assessment of— the behaviour of GHG streams injected under the GHG lease; and the expected migration pathway or pathways of the GHG streams; and the short-term and long-term consequences of the migration; the applicant’s suggestions for the approach to be taken by the State if the surrender is approved, to monitor and verify the behaviour of the GHG streams; any other information prescribed under a regulation. Maximum penalty for subsection (2) —500 penalty units.

• (a) made to the Minister in the approved form; and
• (b) accompanied by the fee prescribed under a regulation.
• (a) the authorised activities for the GHG lease carried out on the area the subject of the application;
• (b) the results of the activities;
• (c) the applicant’s modelling of the behaviour of GHG streams injected under the GHG lease;
• (d) information relevant to the modelling and the applicant’s analysis of the information;
• (e) the applicant’s assessment of— (i) the behaviour of GHG streams injected under the GHG lease; and (ii) the expected migration pathway or pathways of the GHG streams; and (iii) the short-term and long-term consequences of the migration;