5Definitions

5 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) approved site plan;
(b) eligible greenhouse gas storage formation;
(c) fundamental suitability determinants;
(d) geological formation;
(e) greenhouse gas injection licence;
(f) identified greenhouse gas storage formation;
(g) serious situation;
(h) spatial extent.

(1) In this instrument:

Act means the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

applicant:

(a) for Part 3 and Schedule 1 of this instrument—has the same meaning as in section 312 or 312A (as applicable) of the Act; and
(b) for Part 4 and Schedule 2 of this instrument—has the same meaning as in section 361, 368A or 369 (as applicable) of the Act.

decision‑maker means:

(a) for the purposes of making a determination in accordance with section 25, 27, 27A, 28, 28A or 29 of the Act—the responsible Commonwealth Minister; or
(b) for the purposes of making a determination in accordance with section 26 of the Act—the Joint Authority.

licence application means an application under section 361, 368A or 369 of the Act for the grant of a greenhouse gas injection licence.

long‑term bond rate means the average (expressed as a decimal rounded to 4 decimal places) of the capital market yields on Commonwealth Government 10 year bonds for the latest available 12 months, as published by the Reserve Bank of Australia.

main operation, for the purposes of making a determination in accordance with a SROSAI section, means an operation for which the question of whether there is a significant risk that the operation will have a significant adverse impact on other operations or recovery must be determined.

Note: Depending on the relevant section of the Act, and the other section of the Act for which the question is being determined, the main operation may be a specific proposed operation (see for example section 25 of the Act together with section 100 of the Act), or there may be a range of possible operations for which the question must be determined (see for example section 26 of the Act together with section 171 of the Act).

potentially affected operations, for the purposes of making a determination in accordance with a SROSAI section, means operations or recovery, of a kind mentioned in the section, that a main operation could have an adverse impact on.