Summary

Introduced with the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2018, the bill amends the

to: transfer regulatory responsibility for offshore greenhouse gas wells and environmental management from the minister to the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA); strengthen and clarify the powers of NOPSEMA inspectors to monitor and enforce compliance by regulated entities with their obligations under the Act and associated regulations; ensure valid designation of certain areas as ‘frontier areas’ for the purposes of the Designated Frontier Area tax incentive; and make minor policy and technical amendments in relation to the operation of the Act.