As of July 1, 2008, sections three to five of the Commonwealth Offshore Petroleum Act 2006 will come into effect and the Petroleum Submerged Lands Act 1967 will be repealed.
Department of Industry and Resources Petroleum and Royalties Division Principal Legislation and Policy Officer Colin Harvey said the new Offshore Act is a rewrite of the Commonwealth Petroleum and Submerged Lands Act 1967.
He said industry, regulators and other stakeholders were extensively consulted during the re-write.
The Offshore Petroleum Act and associated acts that come into effect on July 1, 2008 are:
The Petroleum and Submerged Lands Act and associated acts to be repealed on July 1, 2008 are:
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