Environment plan levies for title applicants
Article published in the Regulator | Issue 5: 2014
Amendments to Part 4D of the Offshore Petroleum and Greenhouse Gas (Regulatory Levies) Act 2003 (the Levies Act) commenced on 18 July 2014. The changes imposed an environment plan (EP) levy on EP submissions received from applicants for specified Commonwealth titles.
Previously the Levies Act had imposed EP levies only on titleholders; however, amendments to the Levies Act extend this requirement to applicants for specified Commonwealth titles. EP levies will now be imposed if an EP is submitted under Regulation 9 of the Environment Regulations by an applicant for any of the following Commonwealth titles:
a pipeline licence
a petroleum special prospecting authority
a petroleum access authority
a greenhouse gas search authority
a greenhouse gas special authority.
The Levies Act enables EP levies to be imposed for a new EP submitted by a titleholder, a proposed revision of an EP submitted by a titleholder, or a new EP submitted on or after 18 July 2014 by an applicant for any of the abovementioned titles.
The activity amount and the first compliance amount are due to NOPSEMA within 30 days of submission of an EP. The amount of EP levy payable by the applicant for the Commonwealth title is calculated in accordance with the Offshore Petroleum and Greenhouse Gas (Regulatory Levies) Regulations 2004.