Summary

Introduced with the Offshore Petroleum (Safety Levies) Bill 2003, the bill amends the

to: establish a National Offshore Petroleum Safety Authority which will provide a national safety regulatory regime for Australia’s offshore petroleum industry in Commonwealth, State and Northern Territory coastal waters; ensure that the Commonwealth remittance to the States and the Northern Territory of annual fees collected in respect of titles does not include the goods and services tax component of the fees; move the procedures for petroleum data submission from the Act into regulations; and improve safety regulation and administration. Also contains a regulation-making power and transitional provisions.