OFFSHORE PETROLEUM (ANNUAL FEES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008

The Offshore Petroleum (Annual Fees) Act 2006 requires the registered holder of petroleum titles held under the Offshore Petroleum Act 2006 to pay an annual fee for each year of the term of the title.

This bill amends the Offshore Petroleum (Annual Fees) Act 2006 by adding greenhouse gas titles to the titles in respect of which annual fees are payable.

I commend this bill to the Senate.

OFFSHORE PETROLEUM (REGISTRATION FEES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008

The Offshore Petroleum (Registration Fees) Act 2006 imposes fees for the registration under the Offshore Petroleum Act 2006 of transfers of petroleum titles and approvals of dealings in petroleum titles.

This bill amends the Offshore Petroleum (Registration Fees) Act 2006 by adding greenhouse gas titles to the titles in respect of which transfers and dealings will attract the imposition of registration fees.

I commend this bill to the Senate.

OFFSHORE PETROLEUM (SAFETY LEVIES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008

The Offshore Petroleum (Safety Levies) Act 2003 imposes a safety investigation levy, safety case levy and pipeline safety management plan levy in respect of petroleum facilities and petroleum pipelines in Commonwealth waters and in State and Northern Territory designated coastal waters (ie in the waters covered by the Commonwealth, State and Northern Territory Offshore Petroleum Acts).

This bill amends the Offshore Petroleum (Safety Levies) Act 2003 by extending the imposition of those levies to greenhouse gas facilities and greenhouse gas pipelines. In the absence of applicable State or Northern Territory legislation, the levies will extend only to greenhouse gas facilities and pipelines in Commonwealth waters.

I commend this bill to the Senate.