4Definitions

4 Definitions

In these Regulations—

risk means the likelihood of a specific undesired event occurring within a specific period or in specified circumstances and with specified consequences;

A risk may be understood as a frequency (the number of specified events occurring within a period) or a probability (the likelihood of a specific event following another event).

the Act means the Offshore Petroleum and Greenhouse Gas Storage Act 2010;

vary, in relation to an environmental plan or a safety case, includes extend or modify.

Other words and expressions used in these Regulations have the meanings given by the Act (for example, offshore area) or in other Chapters of these Regulations.

Chapter 2—Environment

Part 2.1—Preliminary

5 Objects of this Chapter

The objects of this Chapter are to ensure that any petroleum activity or greenhouse gas activity carried out in the offshore area is—

(a) carried out in a manner consistent with the principles of ecologically sustainable development; and

(b) carried out in a manner by which the environmental impacts and risks of the activity will be reduced to as low as reasonably practicable; and

(c) carried out in a manner by which the environmental impacts and risks of the activity will be of an acceptable level.