Energy and Resources Point-in-Time Service Updates

The Energy and Resources Point-in-Time Service has been updated to include the Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Amendment (Fees) Regulations 2024 (Cth).

Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Amendment (Fees) Regulations 2024

The purpose of the Regulations is to implement the outcomes of the National Offshore Petroleum Titles Administrator’s (NOPTA) cost recovery implementation statement (CRIS) for 2025. The CRIS proposed increases in the amounts for application fees and fees for service, and the charging of new fees, and is publicly available on the NOPTA website.

The mechanism for setting fee amounts is through the preparation of a CRIS that meets the requirements of the Australian Government Cost Recovery Policy. NOPTA conducts regular reviews of its CRIS. The CRIS for 2025 required levies and fees to be increased, and new fees to be charged, to ensure that the cost recovery arrangements are adequate to enable NOPTA to continue to effectively discharge its regulatory functions.

The new amendments have been updated in the Point-in-Time Energy and Resources Service current to 13 November 2024. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.