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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
Act
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; and 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  
Second reading debate 07/11/16  
Second reading agreed to 07/11/16  
Third reading agreed to 07/11/16  
     
Senate
Introduced and read a first time 08/11/16  
Second reading moved 08/11/16  
Second reading debate 07/02/17  
Second reading debate 08/02/17  
Second reading agreed to 08/02/17  
Committee of the Whole debate 08/02/17  
Third reading agreed to 08/02/17  
     
Finally passed both Houses 08/02/17  
Assent 22/02/17 Act no: 11 - Year: 2017
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Addendum to explanatory memorandum

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Second reading speeches


Proposed amendments

Senate
  • Australian Greens [sheet 7956]
HANSON-YOUNG, Sen Sarah

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Schedules of amendments

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)