Australia Amends Petroleum and Gas Safety and Health FeeSource: HopgoodGanim via Mondaq | 16 October 2013
Recent amendments to Australia’s Petroleum and Gas Production and Safety Regulation (2004) have made important changes to the Petroleum and Gas Safety and Health Fee. This fee covers the costs of the activities carried out by the Department of Natural Resources and Mines for the purposes of safety and health relating to operating plant.
Under the new amendments:
- Reporting requirements of “liable persons” are reduced from quarterly to annually.
- Fee capping provisions are introduced, to ensure users are not paying more than necessary to fund petroleum and gas safety and health regulatory activities.
- Operators of facilities producing or processing biogas or gas derived from waste disposal or sewerage treatment are exempt from paying the fee where Innovation Australia has made a positive advance finding that these are core research and development (R&D) or supporting R&D activities.
People liable to pay the fee include holders of exploration and production tenements (but only those that are actually producing petroleum) and operators of certain operating plant and petroleum facilities.