Deciding whether to approve proposed plan
154 Deciding whether to approve proposed plan
The Minister may approve or refuse to approve the proposed plan.
In deciding whether to approve the proposed plan the Minister must consider each of the following—
the development plan criteria;
the extent to which the current development plan for the GHG lease has been complied with;
if the proposed plan provides for a significant change that is a reduction of GHG stream injection—
whether the reduction is reasonable; and
whether the GHG lease holder has taken all reasonable steps to prevent the reduction.
Also, if the GHG lease was granted in response to a tender, any other development plan proposed by other tenderers for the lease must be considered.
However, subsection (3) applies only to the extent the other plan includes the period of the proposed plan.
This Act’s bill:Explanatory memorandum
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