Victorian Numbered Acts Victorian Numbered Acts(1) This section applies if the Minister is reasonably satisfied that the holder of an exploration permit has discovered an underground geological storage formation that is likely to be geologically suitable for the permanent storage of a greenhouse gas substance.
(2) The Minister may require the permit holder to apply for a retention lease or an injection and monitoring licence in respect of the discovery.
(3) The requirement must be made in writing and must allow the permit holder at least 90 days within which to make the application.
(4) If the permit holder fails to comply with a requirement made under this section, the Minister may cancel the permit.
__________________