sec.27GHG storage reservoirs the property of the State

sec.27 GHG storage reservoirs the property of the State

All GHG storage reservoirs in land in the State are and are taken always to have been the property of the State. To remove any doubt, it is declared that— a person does not acquire any property in a GHG storage reservoir or petroleum in it only because the person creates or discovers the reservoir; and For other provisions about the ownership of petroleum, see the P&G Act , sections 26 to 28 and chapter 2 , part 6 , division 3 . subsection (1) applies whether or not the land is freehold or other land. This section applies despite any other Act, grant, title or other document in force from the commencement of this section. In this section— the State does not include any of the adjacent area under the Petroleum (Submerged Lands) Act 1982 . (sec.27-ssec.1) All GHG storage reservoirs in land in the State are and are taken always to have been the property of the State. (sec.27-ssec.2) To remove any doubt, it is declared that— a person does not acquire any property in a GHG storage reservoir or petroleum in it only because the person creates or discovers the reservoir; and For other provisions about the ownership of petroleum, see the P&G Act , sections 26 to 28 and chapter 2 , part 6 , division 3 . subsection (1) applies whether or not the land is freehold or other land. (sec.27-ssec.3) This section applies despite any other Act, grant, title or other document in force from the commencement of this section. (sec.27-ssec.4) In this section— the State does not include any of the adjacent area under the Petroleum (Submerged Lands) Act 1982 .

• (a) a person does not acquire any property in a GHG storage reservoir or petroleum in it only because the person creates or discovers the reservoir; and Note— For other provisions about the ownership of petroleum, see the P&G Act , sections 26 to 28 and chapter 2 , part 6 , division 3 .
• (b) subsection (1) applies whether or not the land is freehold or other land.