Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

The Offshore Petroleum and Greenhouse Gas Storage Act 2006 requires that a site plan needs to be approved before any activity can occur under a greenhouse gas injection licence. It also sets out a site closing certificate procedure, which involves a monitoring program that's paid for by a mandatory security. Sections 571A and 391 of this same act provide provisions to maintaining insurance and a security for a precertificate notice, and there are other discretionary securities which can be imposed.