Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 (117 of 2008)

Schedule 1   Amendments relating to greenhouse gas storage etc.

Offshore Petroleum Act 2006

290A   After section 447

Insert:

447A Exercise of Australia's rights under international law - injection and storage of greenhouse gas substances in the continental shelf

The regulations may, to the extent to which this Act does not do so, provide for the exercise of Australia's rights, and compliance with Australia's obligations, under international law in relation to:

(a) the injection of a greenhouse gas substance into a part of a geological formation, where that part is wholly situated within the continental shelf (whether in an offshore area or not); and

(b) the storage of a greenhouse gas substance in a part of a geological formation, where that part is wholly situated within the continental shelf (whether in an offshore area or not).

Note: The heading to section 447 is altered by inserting " petroleum in the " before " continental shelf ".