Committee activities (inquiries and reports)

Inquiry into the Draft Offshore Petroleum Amendment (Greenhouse Gas Storage) Bill

Terms of Reference

Specifically, the Committee will ascertain whether the Bill:

a) Establishes legal certainty for access and property rights for the injection and long-term storage of greenhouse gases (GHGs) in offshore Commonwealth waters;

b) Provides a regulatory regime which will enable management of GHG injection and storage activities in a manner which responds to community and industry concerns;

c) Provides a predictable and transparent system to manage the interaction between GHG injection and storage operators with pre-existing and co-existing rights, including, but not limited to, those of petroleum and fishing operators, should these come into conflict;

d) Promotes certainty for investment in injection and storage activities; and

e) Establishes a legislative framework that provides a model that could be adopted on a national basis.

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