Victorian Consolidated Legislation

Greenhouse Gas Geological Sequestration Act 2008 - SECT 19

Rights conferred by exploration permit

19. Rights conferred by exploration permit



(1) An exploration permit authorises the holder of the permit, subject to and
in accordance with the conditions of the permit-

   (a)  to carry out greenhouse gas sequestration exploration in the permit
        area; and

   (b)  to do any thing in that area that is necessary for, or incidental to,
        that purpose.

(2) If the holder of an exploration permit discovers an underground geological
storage formation in the permit area that is likely to be geologically
suitable for the permanent storage of a greenhouse gas substance, the holder
has the right to apply for the grant of-

   (a)  an injection and monitoring licence; or

   (b)  a greenhouse gas sequestration formation retention lease.