Bill
Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2021
passed, as at 2021-09-03. 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 — 2021-09-03
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 offshore oil and gas rules so that companies, not taxpayers, pay for decommissioning projects.
It would give the government more power to oversee who controls a title, call back former titleholders to clean up, and check that companies are fit to hold a title.
The bill would also allow electronic lodgement of applications and make other minor and technical changes to the main Act.
- The bill would let the government oversee changes in control of a titleholder, such as through a share sale.
- It would expand powers to make former titleholders decommission infrastructure if the current holder cannot.
- It would set specific criteria and information-gathering powers to assess whether an entity is suitable to hold a title.
- It would allow electronic lodgement of applications and other documents.
- It would repeal redundant and spent amendment Acts.
- It would make minor and technical amendments to improve the Act's operation.
Companies that hold or seek offshore petroleum and greenhouse gas titles, and their former titleholders and related persons.
Sources
em
billhome
frl act