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Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2018

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2018

 

No.      , 2018

 

(Industry, Innovation and Science)

 

 

 

A Bill for an Act to amend the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003 , and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 3

Schedule 1—Well activity levy                                                                                         4

Part 1—Amendments commencing on the day after Royal Assent       4

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               4

Part 2—Amendments commencing on a day to be fixed by Proclamation            6

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               6

Schedule 2—Greenhouse gas storage                                                                         8

Part 1—Well investigation levy                                                                                8

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               8

Part 2—Annual well levy                                                                                           12

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               12

Part 3—Well activity levy                                                                                          17

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               17

Schedule 3—Investigations                                                                                              20

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               20

Schedule 4—Abandoned wells                                                                                      22

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               22

Schedule 5—Removal of spent provisions                                                             24

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003               24

 

 



A Bill for an Act to amend the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Act 2018 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, Part 1

The day after this Act receives the Royal Assent.

 

3.  Schedule 1, Part 2

A single day to be fixed by Proclamation.

However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

4.  Schedule 2

At the same time as Schedule 1 to the Offshore Petroleum and Greenhouse Gas Storage Amendment (Miscellaneous Amendments) Act 2018 commences.

 

5.  Schedule 3

A single day to be fixed by Proclamation.

However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

6.  Schedules 4 and 5

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.