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

Schedule 1   Amendments relating to greenhouse gas storage etc.

Offshore Petroleum Act 2006

290B   After section 448

Insert:

448A Exercise of Australia's rights under international law - injection and storage of greenhouse gas substances within territorial limits

The regulations may, to the extent to which this Act does not do so, provide for the exercise of Australia's rights 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 territorial limits of the Commonwealth and the Territories; and

(b) the storage of a greenhouse gas substance in a part of a geological formation, where that part is wholly situated within the territorial limits of the Commonwealth and the Territories.