The regulations may, to the extent to which this Act does not do so, provide for the exercise of Australia's rights, and compliance with Australia's obligations, under international law in relation to:
(a) the injection of a greenhouse gas substance into a part of a geological formation, where that part is wholly situated within the continental shelf (whether in an offshore area or not); and
(b) the storage of a greenhouse gas substance in a part of a geological formation, where that part is wholly situated within the continental shelf (whether in an offshore area or not).