Bill
Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2013
passed, as at 2013-12-13. Industry portfolio.
- Sponsor
- Not recorded
- Portfolio
- Industry
Recorded stages
- introduced — 2013-11-20
- second reading — 2013-11-20
- other — 2013-12-04
- second reading — 2013-12-04
- second reading — 2013-12-04
- other — 2013-12-04
- third reading — 2013-12-04
- introduced — 2013-12-05
- second reading — 2013-12-05
- second reading — 2013-12-12
- second reading — 2013-12-12
- third reading — 2013-12-12
- passed — 2013-12-12
- royal assent — 2013-12-13
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2013-11-20.
This bill would let a government body collect an annual fee from companies that hold certain offshore oil and gas permits.
It changes an existing law to cover permits obtained through a cash bidding system, where companies pay a lump sum for the right to explore.
The bill aims to recover the full cost of the administrator's work, and the government says it will not affect the budget.
- Adds cash bid petroleum exploration permits to the list of titles subject to the annual administration levy.
- Allows the National Offshore Petroleum Titles Administrator to collect that levy for those permits.
- Makes consequential amendments to support full cost recovery for the administrator.
Companies holding cash bid petroleum exploration permits in Australia's offshore oil and gas areas.
Sources
em
billhome
frl act