Unit development
119. Unit development
(1) This section applies if an underground geological storage formation that
is likely to be geologically suitable for the injection and permanent storage
of a greenhouse gas substance extends over a number of areas in a way that
legally entitles more than one holder of an injection and monitoring licence
to carry out greenhouse gas substance injection and monitoring.
(2) The Minister may require any person who is entitled to carry out
greenhouse gas substance injection and monitoring to enter into a co-operative
arrangement for one or more of the following purposes-
(a) to enable more effective greenhouse gas substance injection and
monitoring;
(b) to maximise the volume of greenhouse gas substances stored; and
(c) to minimise the impact of greenhouse gas substance injection and
monitoring on public health and the environment.
(3) In making such a requirement, the Minister must ensure-
(a) that written notice of the requirement is given to each person on whom
the requirement is made; and
(b) that the notice specifies by when the requirement must be complied
with; and
(c) that the notice specifies how any dispute concerning the terms of the
required co-operative arrangement is to be resolved; and
(d) that the notice specifies what action the Minister may take if the
requirement is not complied with.
(4) For the purposes of subsection (3)(b), the Minister must allow a period of
at least 90 days from the date the notice is given.
Victorian Consolidated Legislation