Greenhouse Gas Storage Act 2009

The requirements for grant are each of the following—

the applicant is an eligible person;

the proposed area of the proposed GHG lease—

is appropriate for the authorised activities proposed to be carried out; and

contains an adequately identified GHG stream storage site that is adequate for the proposed purpose of the GHG lease;

the conditions of the relevant GHG permit have been substantially complied with;

the Minister has approved the applicant’s proposed initial development plan for the GHG lease;

a relevant environmental authority has been issued;

the applicant has established that—

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

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);

the applicant has paid the annual rent for the first year of the proposed GHG lease;

the applicant has given under section 271, security for the GHG lease;

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—

financial and technical resources; and

ability to carry out GHG stream storage.

The matters mentioned in subsection (1)(i) are the capability criteria.

A person satisfies the capability criteria if the Minister forms the opinion about the person mentioned in subsection (1)(i).