Summary
Part of a package of five bills in relation to the administration and regulation of petroleum and greenhouse gas storage operations in Commonwealth waters, the bill amends the Offshore Petroleum and Greenhouse Gas Storage Act 2006 to replace the state and Northern Territory based Designated Authorities with the National Offshore Petroleum Safety and Environmental Management Authority (which will replace the National Offshore Petroleum Safety Authority and have extended functions) and the National Offshore Petroleum Titles Administrator (located within the Department of Resources, Energy and Tourism) to administer and regulate petroleum and greenhouse gas storage operations in Commonwealth waters in the Australian offshore area. Also repeals the Offshore Petroleum and Greenhouse Gas Storage (Annual Fees) Act 2006 and Offshore Petroleum and Greenhouse Gas Storage (Registration Fees) Act 2006 and makes amendments consequential on these repeals.