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".