Greenhouse Gas Storage Act 2009
sec.245Minister’s power to require GHG storage viability report
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sec.245 Minister’s power to require GHG storage viability report
The Minister may by notice (a report requirement ) require a GHG tenure holder to give the Minister a report (a GHG storage viability report ) about all or a stated part of its area if— the holder is not carrying out GHG storage exploration or GHG stream storage in the area or stated part; and the Minister is of the opinion that— it is viable to carry out GHG stream storage in the area or stated part; or it may be viable to carry out GHG stream storage in the area or stated part within 10 years. For the relevance of this period, see section 102 (Deciding potential storage area application). The notice must state each of the following— the Minister’s opinion under subsection (1) (b) (i) or (ii) ; the facts and circumstances forming the basis for the opinion; that the Minister requires the holder to give the Minister a GHG storage viability report about the area; a reasonable period for giving the report. s 245 amd 2010 No. 31 s 408 sch 2 pt 1 (sec.245-ssec.1) The Minister may by notice (a report requirement ) require a GHG tenure holder to give the Minister a report (a GHG storage viability report ) about all or a stated part of its area if— the holder is not carrying out GHG storage exploration or GHG stream storage in the area or stated part; and the Minister is of the opinion that— it is viable to carry out GHG stream storage in the area or stated part; or it may be viable to carry out GHG stream storage in the area or stated part within 10 years. For the relevance of this period, see section 102 (Deciding potential storage area application). (sec.245-ssec.2) The notice must state each of the following— the Minister’s opinion under subsection (1) (b) (i) or (ii) ; the facts and circumstances forming the basis for the opinion; that the Minister requires the holder to give the Minister a GHG storage viability report about the area; a reasonable period for giving the report.
- (a) the holder is not carrying out GHG storage exploration or GHG stream storage in the area or stated part; and
- (b) the Minister is of the opinion that— (i) it is viable to carry out GHG stream storage in the area or stated part; or (ii) it may be viable to carry out GHG stream storage in the area or stated part within 10 years. Note— For the relevance of this period, see section 102 (Deciding potential storage area application).
- (i) it is viable to carry out GHG stream storage in the area or stated part; or
- (ii) it may be viable to carry out GHG stream storage in the area or stated part within 10 years. Note— For the relevance of this period, see section 102 (Deciding potential storage area application).
- (i) it is viable to carry out GHG stream storage in the area or stated part; or
- (ii) it may be viable to carry out GHG stream storage in the area or stated part within 10 years. Note— For the relevance of this period, see section 102 (Deciding potential storage area application).