Queensland Numbered Acts Queensland Numbered Acts(1) A declaration of a potential storage area continues in force for the period stated in the declaration.
(2) The period can not be more than 10 years.
(3) In deciding a shorter period the Minister must consider--
(a) when any discovery of a GHG stream storage site was made; and
(b) any GHG viability report or independent viability assessment for or that includes the proposed potential storage area.
(4) Despite subsection (1), the declaration ceases if the GHG permit holder gives the chief executive a notice stating that the holder no longer wishes the area to be a potential storage area.