Senate debates

Wednesday, 1 March 2006

Offshore Petroleum Bill 2005; Offshore Petroleum (Annual Fees) Bill 2005; Offshore Petroleum (Registration Fees) Bill 2005; Offshore Petroleum (Repeals and Consequential Amendments) Bill 2005; Offshore Petroleum (Royalty) Bill 2005; Offshore Petroleum (Safety Levies) Amendment Bill 2005

In Committee

9:48 am

Photo of Richard ColbeckRichard Colbeck (Tasmania, Liberal Party, Parliamentary Secretary to the Minister for Finance and Administration) Share this | Hansard source

In relation to compensation, I think I addressed that issue yesterday, but I will repeat it now: it is a matter that is dealt with by the courts. An example would be a permit that was removed on the Great Barrier Reef and the courts deciding that there was no compensation in that case. Senator Milne, I again reject your proposition that, in relation to the sea, this is open slather. There are designated areas that are looked at, allotted and offered. It is not a matter of an oil company deciding that they want to go to a particular area. It is a matter of an offer process that the government puts up. In relation to the pre-release of acreage for consultation, there is consultation with the Department of the Environment and Heritage prior to that pre-release.

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