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Preliminary page

Foreword

These Bills refine the excise regime that applies to condensate from the North West Shelf. They seek to ensure that the Crude Oil Excise regime applies to condensate production from the North West Shelf project area as intended following the removal of the excise exemption in May 2008.

The Excise Tariff Amendment (Condensate) Bill 2011 amends the
Excise Tariff Act 1921, to clarify the area encompassed by the Rankin Trend condensate production area of the North West Shelf.

The Excise Legislation Amendment (Condensate) Bill 2011 amends the
Petroleum Excise (Prices) Act 1987, to confirm that failure to provide petroleum producers with written notification setting out the terms of a Volume Weighted Average of Realised price determination does not affect the validity of the determination.

The Committee welcomes the opportunity to consider legislation, especially where a review is relevant and may assist in the timely development of improved legislation. However, in order to improve the operation of Bills inquires generally, it is suggested that the Selection Committee considers providing some context with the referral to each Committee in order to clarify what concerns may relate to the Bill under investigation and why the Selection Committee considered an inquiry appropriate.

The desire to improve the process of Bills inquiries has motivated the Committee to recommend that submissions from agencies and departments to future Bills inquiries contain details of the development of the Bill including consultation undertaken and concerns that were raised. This will assist future Committees to more fully understand the context of the issues at hand and hence to improve the scrutiny of legislation.

Nevertheless, the Committee welcomes efforts to provide clarity around legislation, and therefore to provide certainty to industry.

Therefore we commend the Bills to the House.

Hon Dick Adams MP
Chair

Membership of the Committee

Chair

Hon Dick Adams MP

 

Deputy Chair

Mr Alby Schultz MP

 

Members

Mr Darren Cheeseman MP

Mr Geoff Lyons MP

 

Mr George Christensen MP

Mr Rob Mitchell MP

 

Mr Tony Crook MP

Mr Dan Tehan MP

Committee Secretariat

Secretary

Mr David Brunoro

Inquiry Secretary

Dr Bill Pender

 

Ms Penny Wijnberg

 

Mr Thomas Gregory

Research Officer Ms Fiona Gardner
Office Manager Mrs Dorota Cooley
Administrative Officer Mrs Katrina Gillogly


Terms of reference

On 6 July 2011 the Selection Committee referred the following bills to the Committee for inquiry and report:

Under Standing Order 222(e), the House is taken to have adopted Selection Committee reports when they are presented.


List of abbreviations

ACT

Australian Capital Territory

APPEA

Australian Petroleum Production and Exploration Association

NWSJV

North West Shelf Joint Venture

Rankin Trend

‘Rankin Trend’ condensate production area

VOLWARE

Volume Weighted Average of Realised prices


List of recommendations

1 The Excise Tariff Amendment (Condensate) Bill 2011 and the Excise Legislation Amendment (Condensate) Bill 2011

Recommendation 1

The Committee recommends that submissions from lead departments to future Bills inquiries detail the process by which the Bill was developed including the consultation that has occurred and concerns that have been raised in relation to the Bill.

Recommendation 2

The Committee recommends that the House of Representatives pass the Bills.

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