Bills Digest 29, 2008-09 - Offshore Petroleum (Annual Fees) Amendment (Greenhouse Gas Storage) Bill 2008


Bills Digest no. 29 2008–09

Offshore Petroleum (Annual Fees) Amendment (Greenhouse Gas Storage) Bill 2008

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.


Passage history
Financial implications
Main provisions
Contact officer & copyright details

Passage history

Date introduced: 18 June 2008

House: House of Representatives

Portfolio: Department of Resources, Energy and Tourism

Commencement: The day after the Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 receives Royal Assent

Links: The relevant links to the Bill, Explanatory Memorandum and second reading speech can be accessed via BillsNet, which is at When Bills have been passed they can be found at ComLaw, which is at


The Offshore Petroleum (Annual Fees) Amendment (Greenhouse Gas Storage) Bill 2008 (the Bill) proposes to amend the Offshore Petroleum (Annual Fees) Act 2006 (the Act) to add greenhouse gas titles to those titles for which annual fees are payable under the Act.


For a comprehensive background to the proposed greenhouse gas storage regime, please refer to the Bills Digest on the Offshore Petroleum Amendment (Greenhouse Gas Storage) Bill 2008.

Financial implications

The government has stated that:

The operator of a greenhouse gas sequestration title will face many compliance costs analogous to the operation of offshore petroleum titles. Lodgement of documents, compilation of plans, requests for permission and record keeping are expected to be broadly consistent with that under the OPA. In the absence of detail on regulation and guidelines, it is impossible to quantify such costs at this stage with traditional tools such as the OPBR Business Cost Calculator.[1]

Main provisions

The Bill contains two schedules.

Items 1-4 of Schedule 1 of the Bill contain consequential amendments to the Act so that the words and Greenhouse Gas Storage are inserted after the words Offshore Petroleum

Item 5 of Schedule 1 of the Bill proposes to insert new section 4A into the Act, which would provide that annual fees would be payable with respect to the following greenhouse gas titles:

  • work-bid greenhouse gas assessment permits
  • greenhouse gas holding leases, and
  • greenhouse gas injection licences.

The amount of fee payable is to be set out in, or calculated in accordance with, the regulations: proposed subsection 4A(3).

Schedule 2 of the Bill contains minor amendments to change references to petroleum titles.

[1]. Regulatory Impact Statement, Offshore Petroleum Amendment (Greenhouse Gas Storage) Bill 2008, p. 40.

Contact officer and copyright details

Sharon Scully
17 September 2008
Bills Digest Service
Parliamentary Library

© Commonwealth of Australia

This work is copyright. Except to the extent of uses permitted by the Copyright Act 1968, no person may reproduce or transmit any part of this work by any process without the prior written consent of the Parliamentary Librarian. This requirement does not apply to members of the Parliament of Australia acting in the course of their official duties.

This work has been prepared to support the work of the Australian Parliament using information available at the time of production. The views expressed do not reflect an official position of the Parliamentary Library, nor do they constitute professional legal opinion.

Feedback is welcome and may be provided to: Any concerns or complaints should be directed to the Parliamentary Librarian. Parliamentary Library staff are available to discuss the contents of publications with Senators and Members and their staff. To access this service, clients may contact the author or the Library’s Central Entry Point for referral.

Back to top