Petroleum Legislation Amendment Bill 2016


Bill No.218

SynopsisThe purpose of this bill is to amend the Petroleum and Geothermal Energy Resources Act 1967 and the Petroleum (Submerged Lands) Act 1982 to:
  • provide for petroleum apportionment agreements to be concluded across Commonwealth and State jurisdictions;
  • alleviate problems with the use of the term petroleum 'pool' if at some future stage the single Torosa pool is found to have several discrete accumulations of petroleum that are separate pools;
  • provide certainty to an agreement made in relation to recovery of petroleum from a specified part of the seabed, where a petroleum pool is partly in the title area of a Commonwealth petroleum title, and partly in a State title area;
  • allow for any future changes to maritime boundaries between the State and the Commonwealth offshore areas; and
  • remove references to the term Designated Authority in the Petroleum (Submerged Lands) Act 1982 which has been redundant since 2012.

StatusLegislative Assembly Second Reading 10/12/2016
Different sections of this Act come into operation on Royal Assent and Proclamation. For details refer to Commencement Clause of the Bill

Current Bill

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Progress

Legislative Assembly DateNote No.Related Documents
Introduced 10/12/2016  
First Reading 10/12/2016  
Second Reading 10/12/2016  
Second Reading Speech