Thursday, 25 July 2019
Timor Sea Maritime Boundaries Treaty Consequential Amendments Bill 2019, Passenger Movement Charge Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019, Treasury Laws Amendment (Timor Sea Maritime Boundaries Treaty) Bill 2019; Second Reading
I want to thank members for their contribution to the debate and the passage of the Timor Sea Maritime Boundaries Treaty Consequential Amendments Bill 2019. This bill gives effect to the majority of the 2018 treaty between Australia and the Democratic Republic of Timor-Leste, establishing maritime boundaries. The treaty, as has been said on a number of occasions, is a historic achievement for Australia and Timor-Leste, and its implementation is firmly in our national interest.
The bill implements the new maritime boundaries agreed under the treaty and transfers the Joint Petroleum Development Area and some adjacent areas to Timor-Leste's exclusive jurisdiction. The bill provides the necessary transitional arrangements for petroleum activities in the areas adjacent to the Joint Petroleum Development Area that will transition either to Timor-Leste's exclusive jurisdiction or to the other areas of jurisdiction, including the Greater Sunrise special regime area. The bill also makes amendments to the petroleum title areas affected by the boundary and provides for two new international offshore areas for the purposes of the Bayu-Undan pipeline corridor and a potential Greater Sunrise pipeline corridor. I thank you.
Question agreed to.
Bill read a second time.