Greenhouse Gas Storage Regulation 2021

For section 271(2)(a) of the Act, the following forms of security are prescribed—

cash;

electronic transfer of funds;

an unconditional security issued by a financial institution that—

is in favour of the ‘State of Queensland’ and is payable on demand; and

has no expiry day; and

states the type and number of the GHG authority or proposed GHG authority; and

states the address of the financial institution; and

is signed for the financial institution by an officer who has authority to sign the security;

a combination of the forms mentioned in paragraphs (a) to (c).

For section 271(2)(b) of the Act, the following amounts are prescribed—

for a GHG permit or proposed GHG permit—$16,350;

for a GHG lease or proposed GHG lease—$47,690;

for a GHG data acquisition authority or proposed GHG data acquisition authority—$14,305.