318Declaration of identified greenhouse gas storage formation

318 Declaration of identified greenhouse gas storage formation

(a) an application is made under section 315 in relation to a part of a geological formation; and

(b) the Minister is satisfied that, using the fundamental suitability determinants set out in the application—

(i) that part is an eligible greenhouse gas storage formation; and

(ii) the estimate of the spatial extent set out in the application is a reasonable estimate of the spatial extent of the eligible greenhouse gas storage formation—

the Minister must, by writing—

(c) declare that part to be an identified greenhouse gas storage formation for the purposes of this Act; and

(d) declare that, for the purposes of this Act, the spatial extent of the identified greenhouse gas storage formation is the spatial extent estimated in the application; and

(e) declare that the fundamental suitability determinants specified in the application are the fundamental suitability determinants of the identified greenhouse gas storage formation for the purposes of this Act.

(2) A declaration under subsection (1)(d) must set out the estimate of the spatial extent specified in the application.

(3) A declaration under subsection (1)(e) must set out the fundamental suitability determinants specified in the application.

(4) A copy of a declaration under subsection (1) must be published in the Government Gazette.

(a) an application is made under section 315 in relation to a part of a geological formation; and

(b) the Minister is not required by subsection (1) to make declarations under that subsection in relation to that part—

the Minister must, by written notice given to the applicant, refuse to declare that part to be an identified greenhouse gas storage formation.