VICIn ForceAct
Offshore Petroleum and Greenhouse Gas Storage Act 2010
385Commercial viability test
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385 Commercial viability test
For the purposes of sections 382(1)(f)(iii) and 383(1)(f)(iii), the recovery of petroleum passes the commercial viability test if, and only if, the Minister is satisfied that—
(a) the recovery is commercially viable; or
(b) the recovery is not commercially viable, but is likely to become commercially viable within 15 years.