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.