News & Media » Changes to NOPSEMA levy amounts
Changes to NOPSEMA levy amounts
News announcement - Published 5 December, 2018
During 2018, NOPSEMA undertook a review of its Cost recovery implementation statement (CRIS), including consultation with industry. This review has resulted in increases to NOPSEMA’s levies, which have been implemented by the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Regulations 2018. The new regulations amend amounts of safety case levies, annual well levies, well activity levies and environment plan levies set out in the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2004, in line with NOPSEMA’s revised cost recovery implementation statement.
The revisions ensure NOPSEMA’s regulatory operations continue to be adequately cost-recovered as NOPSEMA has not increased its safety case or environment plan levies since 2014; and the 1 January 2016 changes to the well levies were designed to be cost neutral as they included removal of the activity levy for individual well activity approvals. For more information on the changes to levy rates and detail of the specific changes see the Cost recovery implementation statement 2018-19. The revised levy amounts will apply from 1 January 2019.