Martin Ferguson (Batman, Australian Labor Party, Minister for Resources and Energy) Share this | Link to this | Hansard source

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I move:

That this bill be now read a second time.

This bill is to make consequential amendments to the Offshore Petroleum (Royalty) Act 2006. The amendments are a result of the Offshore Petroleum and Greenhouse Gas Storage Amendment (National Regulator) Bill 2011, which establishes a National Offshore Petroleum Titles Administrator and the National Offshore Petroleum Safety and Environmental Management Authority.

NOPTA will advise the joint authorities on key petroleum title decisions and administer titles and collect and release data. NOPTA will replace the seven designated authorities as the administrator of day-to-day petroleum activities in Commonwealth waters. To reflect this reform, this bill amends the royalty act to replace references to the designated authority with the titles administrator. The bill has no impact on the level of royalties paid by industry or on the sharing of those royalties with Western Australia.

I commend the bill to the House.

Debate adjourned.