Greenhouse Gas Storage Act 2009

This section imposes an obligation on a GHG lease holder to give the Minister a proposed later development plan for the lease.

The obligation is complied with only if the proposed later development plan—

complies with the later development plan requirements; and

is accompanied by the relevant fee.

A proposed later development plan must be given to the Minister—

at least 40 but no more than 100 business days before the end of the plan period for its current development plan (the current plan period); or

as soon as practicable after the holder proposes or becomes aware of a significant change to the nature and extent of an authorised activity that is not already dealt with under the current development plan for the GHG lease.

However, if before the end of the current plan period a decision is made to refuse to approve a proposed later development plan given under subsection (3), the holder may within the period give the Minister another proposed later development plan.

If the holder does not give the Minister any proposed later development plan before the end of the current plan period or if subsection (4) applies and the holder does not give the Minister another proposed later development plan within the current plan period—

the Minister must give the holder a notice requiring the holder to give the Minister a proposed later development plan for the GHG lease within 40 business days after the giving of the notice; and

the holder must comply with the requirement.

In this section—

if the proposed plan is given within the time required under subsection (3)—the fee prescribed under a regulation; or

if the proposed plan is given after the time required under subsection (3) and—

if it is given under subsection (4)—nil; or

if it is not given under subsection (4)—an amount that is 10 times the prescribed fee.