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Bills of the current Parliament

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Offshore Petroleum and Greenhouse Gas Storage Amendment (Petroleum Pools and Other Measures) Bill 2016


Type
Government
Originating house
House of Representatives
Status
Before Reps
Portfolio
Industry, Innovation and Science

Summary

Amends the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and Petroleum Resource Rent Tax Assessment Act 1987 to ensure the ongoing validity of apportionment agreements, where it becomes apparent that an agreement relates to an area which contains multiple petroleum pools, rather than a single discrete pool; Offshore Petroleum and Greenhouse Gas Storage Act 2006 to: include a regulation making power to ensure there is a legal basis for the regulations to provide for the refund and remittal of environment plan (EP) levies; provide for the retrospective commencement of this regulation making power to ensure the validity of refunds of EP levies previously made to offshore petroleum titleholders; and clarify that regulations can provide for the remittal and refund of safety case levies.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 15/09/16  
Second reading moved 15/09/16  
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes