Victorian Numbered Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (CROSS-BOUNDARY GREENHOUSE GAS TITLES AND OTHER MATTERS) AMENDMENT ACT 2021 (NO. 26 OF 2021) - SECT 29

After section 378 of the Principal Act insert —

        " 378A     Licence area of cross‑boundary greenhouse gas injection licence

    (1)     If any part of the licence area of a cross‑boundary greenhouse gas injection licence is included in the Commonwealth defined offshore area, the whole of the licence area is taken, for all purposes of—

        (a)     this Chapter and regulations made for the purposes of this Chapter; and

        (b)     the remaining provisions of this Act and the regulations, so far as they relate to—

              (i)     this Chapter; or

              (ii)     exploring for a potential greenhouse gas storage formation; or

              (iii)     exploring for a potential greenhouse gas injection site; or

              (iv)     the injection of a greenhouse gas substance; or

              (v)     the storage of a greenhouse gas substance—

to be included in the Commonwealth defined offshore area.

    (2)     Subject to subsection (3), if a cross‑boundary greenhouse gas injection licence ceases to be in force, any part of the licence area included in the offshore area is no longer taken to be included in the Commonwealth defined offshore area under subsection (1).

    (3)     Despite subsection (2), if a cross‑boundary greenhouse gas injection licence ceases to be in force, any identified greenhouse gas storage formation specified in the licence is taken to be included in the Commonwealth defined offshore area for the purposes of Divisions 7 and 8 of Part 3.4 of the Commonwealth Act.

    (4)     Nothing in this section limits the grant of the following titles in relation to any part of the licence area of a cross‑boundary greenhouse gas injection licence that but for this section would be included in the offshore area—

        (a)     a petroleum exploration permit;

        (b)     a petroleum retention lease;

        (c)     a petroleum production licence;

        (d)     an infrastructure licence;

        (e)     a pipeline licence;

        (f)     a petroleum special prospecting authority;

        (g)     a petroleum access authority.".