Darren Chester (Gippsland, National Party, Minister for Veterans' Affairs) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

The Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment (Regulations References) Bill 2018 makes technical amendments to the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003 (the levies act) to future-proof specific references in provisions of the levies act to regulations made under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (the OPGGS Act). The amendments are equivalent in purpose and effect to the amendments made to the OPGGS Act by the Offshore Petroleum and Greenhouse Gas Storage Amendment (Regulations References) Bill 2018.

Effective references to regulations are critical to the operation of a number of provisions of the levies act, including provisions which impose levies to fund the operations of the regulator for the offshore petroleum industry—the National Offshore Petroleum Safety and Environmental Management Authority—on a cost recovery basis.

I commend this bill to the chamber.

Debate adjourned.