Senate debates

Monday, 27 February 2006

Offshore Petroleum Bill 2005; Offshore Petroleum (Annual Fees) Bill 2005; Offshore Petroleum (Registration Fees) Bill 2005; Offshore Petroleum (Repeals and Consequential Amendments) Bill 2005; Offshore Petroleum (Royalty) Bill 2005; Offshore Petroleum (Safety Levies) Amendment Bill 2005

In Committee

9:35 pm

Photo of Kerry O'BrienKerry O'Brien (Tasmania, Australian Labor Party, Shadow Minister for Transport) Share this | Hansard source

Can I help the parliamentary secretary out to the extent that I can on the advice that I have. The passage which refers to the recovery of petroleum on an appraisal basis apparently refers to a previously existing arrangement where a lease and permit were required to assess, and another lease was required to take oil from a lease to appraise the value of the lease. Those two provisions are being combined into one. That is the advice that I have. I am not sure how far that takes the debate, but perhaps that helps the parliamentary secretary out.

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