Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 31

Greenhouse gas titles

  (1)   For the purposes of this Act, if:

  (a)   a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is in force; and

  (b)   either:

  (i)   the successful applicant for the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to the offer document for the permit, lease or licence; or

  (ii)   the registered holder, or a former registered holder, of the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to a notice under section   454; and

  (c)   the security has not been wholly discharged;

the security is taken to be in force in relation to the permit, lease or licence.

Site closing certificate

  (2)   For the purposes of this Act, if:

  (a)   a site closing certificate is in force; and

  (b)   the successful applicant for the certificate lodged a security with the responsible Commonwealth Minister in response to the pre - certificate notice for the site closing certificate; and

  (c)   the security has not been wholly discharged;

the security is taken to be in force in relation to the site closing certificate.

Note:   For pre - certificate notice , see section   388.