Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 (117 of 2008)
Schedule 1 Amendments relating to greenhouse gas storage etc.
Offshore Petroleum Act 2006
193 After subsection 302(2)
Insert:
Greenhouse gas titles
(2A) The conditions of:
(a) a greenhouse gas assessment permit; or
(b) a greenhouse gas holding lease; or
(c) a greenhouse gas injection licence; or
(d) a greenhouse gas search authority; or
(e) a greenhouse gas special authority;
may include a condition that the registered holder maintain, as directed by the responsible Commonwealth Minister from time to time, insurance against:
(f) expenses; or
(g) liabilities; or
(h) specified things;
arising in connection with, or as a result of:
(i) the carrying out of work under the permit, lease, licence or authority; or
(j) the doing of any other thing under the permit, lease, licence or authority;
including insurance against expenses of complying with directions relating to the clean-up or other remediation of the effects of the escape of a greenhouse gas substance.
Note 1: The heading to subsection 302(1) is altered by omitting "Permits," and substituting "Petroleum permits,".
Note 2: The heading to subsection 302(2) is replaced by the heading "Petroleum authorities".