Anne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

The Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Bill 2021 amends the Offshore Petroleum and Greenhouse Gas Storage Act 2006 to strengthen Australia's offshore oil and gas regulatory regime. The bill strikes an appropriate balance between implementing regulatory safeguards for Australian taxpayers, managing the impost on industry and encouraging continued investment in oil and gas development. I thank senators for the contribution they have made to this bill, and I commend the bill to the chamber.