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Crown Minerals (Decommissioning and Other Matters) Amendment Bill

Introduced on June 23. The Bill gives ministers and officials more power to approve and require conditions on oil and gas permits including when they are transferred to a third party. This includes the prospect of a past holder of a permit being held responsible for decommissioning cost even after passing on ownership. First reading on July 7 with the support of all parties and referred to the Economic Development, Science and Innovation Committee, to be reported by November 11. Reported back on Nov 5 with minor changes including some limitations on directors criminal liability under “perpetual liability” obligations. Second reading on Nov 16 with National and ACT opposed. Committee stage completed Nov 17.

Crown Minerals (Decommissioning and Other Matters) Amendment Bill