Summary

Introduced with the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2021, the bill amends the:

to: provide for oversight and scrutiny of transactions involving a change of control of a petroleum or greenhouse gas titleholder, through a merger or takeover; expand existing powers to 'call back' previous titleholders to decommission infrastructure and remediate the marine environment in the title area where the current or immediate former titleholder is unable to do so (known as 'trailing liability'); provide for specific decision-making criteria and expanded information-gathering powers; and make minor and technical amendments in relation to the operation of the Act, including enabling electronic lodgement of applications. Also repeals 23 obsolete Acts.