Second Reading Speeches

Offshore Petroleum and Greenhouse Gas Storage Regulatory Levies Legislation Amendment (2011 Measures No. 1) Bill 2011

Type
Government
Portfolio
Resources and Energy
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the

Offshore Petroleum and Greenhouse Gas Storage Act 2006
to: impose cost recovery levies (an annual well levy, a well activity levy and a well investigation levy) on the holders of offshore petroleum titles in respect of well and well-related activities; and amend the long and short titles of the Act.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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