Queensland Numbered Acts Queensland Numbered Acts(1) The requirements for grant are each of the following--
(a) the applicant is an eligible person;
(b) the proposed area of the proposed GHG lease--
(i) is appropriate for the authorised activities proposed to be carried out; and
(ii) contains an adequately identified GHG stream storage site that is adequate for the proposed purpose of the GHG lease;
(c) the conditions of the relevant GHG permit have been substantially complied with;
(d) the Minister has approved the applicant's proposed initial development plan for the GHG lease;
(e) a relevant environmental authority has been issued;
(f) the applicant has established that--
(i) GHG stream storage in the GHG lease's area is or is likely to happen within 5 years after the lease is to take effect; or
(ii) the applicant has entered into a contract, GHG coordination arrangement or other arrangement for GHG stream storage in the GHG lease's area (a relevant arrangement);
(g) the applicant has paid the annual rent for the first year of the proposed GHG lease;
(h) the applicant has given under section 271, security for the GHG lease;
(i) the Minister is of the opinion that the applicant is capable of carrying out authorised activities for the GHG lease having regard to the applicant's--
(i) financial and technical resources; and
(ii) ability to carry out GHG stream storage.
(2) The matters mentioned in subsection (1)(i) are the capability criteria.
(3) A person satisfies the capability criteria if the Minister forms the opinion about the person mentioned in subsection (1)(i).