We are inviting industry feedback on guidelines and factsheets to support changes to the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
These changes give effect to key measures in the enhanced decommissioning framework. They also implement recommendations from the Independent review into the circumstances leading to the administration and liquidation of Northern Oil and Gas Australia (the Walker Review).
Most changes come into force from 2 March 2022. We are consulting now to ensure the updated guidance material is available before this time.
Consultation closes 22 November 2021.
We will publish new guidance to support enhanced trailing liability provisions in 2022. Provisions for trailing liability will apply to any titleholders that have held a title from 1 January 2021.