Bill
Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Bill 2021
passed, as at 2021-09-02. Industry, Science, Energy and Resources portfolio.
- Sponsor
- Not recorded
- Portfolio
- Industry, Science, Energy and Resources
Recorded stages
- introduced — 2021-05-26
- second reading — 2021-05-26
- second reading — 2021-08-05
- second reading — 2021-08-05
- third reading — 2021-08-05
- introduced — 2021-08-09
- second reading — 2021-08-09
- second reading — 2021-08-12
- second reading — 2021-08-23
- second reading — 2021-08-23
- committee — 2021-08-23
- committee — 2021-08-24
- third reading — 2021-08-24
- passed — 2021-08-24
- royal assent — 2021-09-02
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 2021-05-26.
This bill is part of a package that tightens rules for offshore oil and gas projects so that companies, not taxpayers, pay for cleaning up infrastructure at the end of a project.
The package would give the government more power to check whether companies are fit to hold titles, including by reviewing changes in company control and by requiring former titleholders to decommission infrastructure if the current holder cannot.
The package also allows electronic lodgement of applications and makes other minor and technical changes to the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
- The package would let the government oversee changes in control of titleholders, such as through corporate mergers.
- The package would expand the government's power to require former titleholders to decommission infrastructure and clean up the marine environment if the current or most recent titleholder cannot do so.
- The package would set specific criteria and give the government more power to gather information to assess whether entities are suitable to enter or progress through the regulatory system.
- The package would allow electronic lodgement of applications and other documents.
- The package would repeal redundant and spent amendment Acts.
- The package would make minor and technical amendments to improve how the Offshore Petroleum and Greenhouse Gas Storage Act 2006 works.
Companies that hold or have held offshore petroleum or greenhouse gas titles, and their related persons, would be affected.
Sources
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