Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Regulations 2018 (Cth)

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Regulations 2018

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 21 November 2018

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Matt Canavan

Minister for Resources and Northern Australia

Contents

1Name

This instrument is the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Regulations 2018.

2Commencement

1. (1)

   Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1. The whole of this instrument	1 January 2019.	1 January 2019

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

1. (2)

   Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3Authority

This instrument is made under the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2004

1

Regulation 49

Repeal the regulation, substitute:

49Amount of annual well levy

For the purposes of subsection 10A(4) of the Regulatory Levies Act, the amount of annual well levy is $4,540 per eligible well in relation to the petroleum title for the year.

2

Regulation 52

Repeal the regulation, substitute:

52Amount of annual well levy

For the purposes of subsection 10B(4) of the Regulatory Levies Act, the amount of annual well levy is $4,540 per eligible well in relation to the State/Territory petroleum title for the year.

3

Regulation 55

Omit “For subsection 10C(4) of the Regulatory Levies Act”, substitute “For the purposes of subsection 10C(4) of the Regulatory Levies Act”.

1. 4

   Regulation 55 (table item 1, column headed “Amount”)

Omit “$35 000”, substitute “$38,500”.

5

Regulation 58

Omit “For subsection 10D(4) of the Regulatory Levies Act”, substitute “For the purposes of subsection 10D(4) of the Regulatory Levies Act”.

1. 6

   Regulation 58 (table item 1, column headed “Amount”)

Omit “$35 000”, substitute “$38,500”.

7

Subregulation 59C(1)

Omit “For subsection 10F(4) of the Regulatory Levies Act”, substitute “For the purposes of subsection 10F(4) of the Regulatory Levies Act”.

8

Paragraph 59C(3)(b)

Omit “$3 600”, substitute “$3,960”.

9

Paragraph 59C(4)(b)

Omit “$3 600”, substitute “$3,960”.

10

Subregulation 59G(1)

Omit “For subsection 10G(4) of the Regulatory Levies Act”, substitute “For the purposes of subsection 10G(4) of the Regulatory Levies Act”.

11

Paragraph 59G(3)(b)

Omit “$3 600”, substitute “$3,960”.

12

Paragraph 59G(4)(b)

Omit “$3 600”, substitute “$3,960”.

13

Clause 2.6 of Schedule 1

Repeal the clause, substitute:

1. 2.6

   For the purposes of this Part, the unit value for a facility is $38,500.

14

Clause 3.3 of Schedule 1 (table)

Repeal the table, substitute:

SMS amount for a safety case
Item	Column 1 If …	Column 2 then the SMS amount is …
1	(a) the safety case is in force in relation to one or more facilities at the start of a year; and (b) at least one of the facilities is not a mobile facility	$187,000
2	(a) the safety case is in force in relation to one or more facilities at the start of a year; and (b) all of the facilities are mobile facilities	$124,300
3	(a) the safety case is in force in relation to one or more facilities after the start of a year; and (b) at least one of the facilities is not a mobile facility; and (c) no safety case has been in force in relation to any facility of the operator previously in that year	$187,000
4	(a) the safety case is in force in relation to one or more facilities after the start of a year; and (b) all of the facilities are mobile facilities; and (c) no safety case has been in force in relation to any facility of the operator previously in that year	$124,300

1. 15

   Subparagraphs 3.4(a)(i), (b)(i), (c)(i) and (d)(i) of Schedule 1

Omit “column 4”, substitute “column 2”.

16

Clause 1.3 of Schedule 3

Repeal the clause, substitute:

1. 1.3

   For the purposes of this Part, the unit value for a pipeline is $15,400.

17

Clause 2.2 of Schedule 3

Omit “$56 000”, substitute “$61,600”.