320Revocation of declaration of identified greenhouse gas storage formation

320 Revocation of declaration of identified greenhouse gas storage formation

(1) This section applies if a declaration is in force under section 318 in relation to a part of a geological formation.

(2) The Minister may revoke the declaration if the Minister is satisfied that, using any set of fundamental suitability determinants, the part is not an eligible greenhouse gas storage formation.

(3) A copy of a revocation under subsection (2) must be published in the Government Gazette.

(4) Before revoking a declaration under subsection (2), the Minister must consult—

(a) if the part is wholly situated in the permit area of a greenhouse gas assessment permit—the permittee; or

(b) if the part is wholly situated in the lease area of a greenhouse gas holding lease—the lessee; or

(c) if the part is wholly situated in the licence area of a greenhouse gas injection licence—the licensee; or

(d) if the part is wholly situated in the licence area of a petroleum production licence—the licensee; or

(e) if the part is wholly situated in the lease area of a petroleum retention lease—the lessee.

(5) If the Minister proposes to revoke a declaration under subsection (2), the Minister must consider whether the Minister should instead vary the declaration under section 319.