28Significant risk of a significant adverse impact—grant of petroleum production licence

28 Significant risk of a significant adverse impact—grant of petroleum production licence

S. 28(1) amended by No. 26/2021 s. 6(1)(a).

(1) For the purposes of sections 151A, 167 and 168, the question of whether there is a significant risk that any of the operations that could be carried on under a petroleum production licence will have a significant adverse impact on operations that are being, or could be, carried on under—

S. 28(1)(c) amended by No. 26/2021 s. 6(1)(b).

S. 28(1)(d) inserted by No. 26/2021 s. 6(1)(c).

(d) a cross‑boundary greenhouse
gas title—

S. 28(2)(c) amended by No. 26/2021 s. 6(2).

(c) the economic consequences of the adverse impact relative to the potential economic value of the operations that are being, or could be, carried on under the permit, lease, licence or title referred to in whichever of subsection (1)(a), (b), (c) or (d) is applicable.

S. 28(5) amended by No. 26/2021 s. 6(3)(a).

(5) For the purposes of sections 151A, 167 and 168, an operation that could be carried on under a petroleum production licence (the petroleum production licence operation) will have an adverse impact on operations (the relevant greenhouse gas operations) that are being, or could be, carried on under—

S. 28(5)(c) amended by No. 26/2021 s. 6(3)(b).

S. 28(5)(ca) inserted by No. 26/2021 s. 6(3)(c).

(ca) a cross‑boundary greenhouse gas
title—

if, and only if, the petroleum production licence operation will result in—

(d) an increase in the capital costs (other than prescribed costs) of the relevant greenhouse gas operations; or

(e) an increase in the operating costs (other than prescribed costs) of the relevant greenhouse gas operations; or

(f) a reduction in the rate of injection of the greenhouse gas substance; or

(g) a reduction in the quantity of the greenhouse gas substance that will be able to be stored.

S. 28(6) amended by No. 26/2021 s. 6(4)(a).

(6) For the purposes of sections 151A, 167 and 168, if there is a risk that an operation that could be carried on under a petroleum production licence (the petroleum production licence operation) will have an adverse impact on operations that are being, or could be, carried on under—

S. 28(6)(c) amended by No. 26/2021 s. 6(4)(b).

S. 28(6)(d) inserted by No. 26/2021 s. 6(4)(c).

(d) a cross‑boundary greenhouse gas
title—