Commonwealth of Australia Explanatory Memoranda

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (REGULATORY LEVIES) AMENDMENT BILL 2013

                              2013




THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA




              HOUSE OF REPRESENTATIVES




OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE
    (REGULATORY LEVIES) AMENDMENT BILL 2013




             EXPLANATORY MEMORANDUM




      (Circulated by authority of the Minister for Industry,
              the Honourable Ian Macfarlane, MP)
OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE
    (REGULATORY LEVIES) AMENDMENT BILL 2013


OUTLINE

The purpose of this Bill is to amend the Offshore Petroleum and Greenhouse Gas
Storage (Regulatory Levies) Act 2003 (the Act) to provide for the annual titles
administration levy to be collected by the National Offshore Petroleum Titles
Administrator in relation to cash bid petroleum exploration permits in the offshore
regulatory regime.

The Australian Government confirmed in October 2013 the decision to apply the cash
bidding title allocation method for select blocks released in the 2014 Offshore
Petroleum Exploration Acreage Release. Amendments are being made through the
Offshore Petroleum and Greenhouse Gas Storage Amendment (Cash Bidding) Bill
2013 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 to optimise
the allocation method for cash bid petroleum exploration permits. This Bill makes
consequential amendments as required to the Act to allow for the full ongoing cost
recovery of the National Offshore Petroleum Titles Administrator.

FINANCIAL IMPACT STATEMENT
The Bill has no financial impact.




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STATEMENT OF COMPATIBILITY WITH HUMAN RIGHTS

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny)
Act 2011

This Bill is compatible with the human rights and freedoms recognised or declared in
the international instruments listed in section 3 of the Human Rights (Parliamentary
Scrutiny) Act 2011.

Overview of the Bill
The Bill makes amendments to the Act to provide the ability for the National Offshore
Petroleum Titles Administrator to collect an annual titles administration levy in
relation to cash bid petroleum exploration permits in the offshore regulatory regime.

Human rights implications
This Bill does not engage any of the applicable rights or freedoms.

Conclusion
This Bill is compatible with human rights as it does not raise any human rights issues.




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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE
(REGULATORY LEVIES) AMENDMENT BILL 2013

NOTES ON CLAUSES

Clause 1: Short title
Clause 1 is a formal provision specifying the short title of the Act.

Clause 2: Commencement
Sections 1-3 will commence on the day after this Act receives the Royal Assent, with
Schedule 1 commencing at the same time that the Offshore Petroleum and
Greenhouse Gas Storage (Cash Bidding) Amendment Act 2013 commences.

Clause 3: Schedule(s)
This clause gives effect to the provisions in the Schedule to this Act.




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Schedule 1

Items 1 and 2: Subsection 10E(7) and subsection 10E(7) (after paragraph (a) of the
definition of eligible title)

This items make amendments to provide the ability for the National Offshore
Petroleum Titles Administrator to collect an annual titles administration levy in
relation to cash bid petroleum exploration permits.




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