Senate debates

Wednesday, 14 September 2011

Bills

Offshore Petroleum and Greenhouse Gas Storage Amendment (National Regulator) Bill 2011, Offshore Petroleum and Greenhouse Gas Storage (Registration Fees) Amendment Bill 2011, Offshore Petroleum (Royalty) Amendment Bill 2011, Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011, Offshore Petroleum and Greenhouse Gas Storage Regulatory Levies Legislation Amendment (2011 Measures No. 2) Bill 2011; In Committee

6:10 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

Where there is a change of ownership—that is the actual ownership of the entity, the company—yes, the minister does have the power. However, the minister cannot prejudge, as I said in my earlier remarks, the outcome of an inquiry or some other equivalent judicial process and make a decision to exercise that power prior to the outcome and conclusion of those processes.

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