Senate
Offshore Petroleum and Greenhouse Gas Storage Amendment (Petroleum Pools and Other Measures) Bill 2016
Addendum to the Explanatory Memorandum
(Circulated by the authority of the Minister for Resources and Northern Australia, Senator the Honourable Matthew Canavan)Background to the addendum
This addendum responds to consideration of the Offshore Petroleum and Greenhouse Gas Storage Amendment (Petroleum Pools and Other Measures) Bill 2016 (Bill) by the Senate Standing Committee for the Scrutiny of Bills (Committee).
In its Alert Digest No. 7 of 2016 the Committee sought advice from the Minister regarding:
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- whether the application of subsections 54(1A) and (1E) of the OPGGS Act to agreements made before the commencement of the provisions in this bill could cause detriment to any parties to those agreements.
In its Eighth Report of 2016, released on 9 November 2016, the Committee requested that the information provided by the Minister in response to its request be included in the explanatory memorandum to the Bill.