Queensland Consolidated Acts

GREENHOUSE GAS STORAGE ACT 2009 - SECT 246

246 Required content of GHG storage viability report

(1) A GHG storage viability report must—

(a) identify each GHG storage reservoir in the area the subject of the relevant report requirement; and

(b) state whether in the opinion of the relevant GHG tenure holder, it is currently viable to carry out GHG stream storage in the area; and

(c) if the holder’s opinion is that it is not viable to carry out GHG stream storage in the area, state—

(i) whether in the holder’s opinion, it may at any time in the future be viable to carry out GHG stream storage in the area; and

(ii) if the opinion is that it may at some time in the future be viable to carry out GHG stream storage in the area—the holder’s assessment of when that time may be; and

(d) give data, and an analysis of the data, that supports each opinion.

(2) The supporting data and analysis must include—

(a) technical data relating to the geology of GHG storage reservoirs in the area; and

(b) market and financial data relevant to the opinions.