Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 5   Corporate status of bodies

Part 4   Other bodies continuing as bodies corporate

Offshore Petroleum and Greenhouse Gas Storage Act 2006

88   Division 7 of Part 6.9

Repeal the Division, substitute:

Division 7 - NOPSEMA’s finances

682 Commonwealth payments to NOPSEMA

(1) The Commonwealth must pay to NOPSEMA amounts equal to:

(a) such money as is appropriated by the Parliament for the purposes of NOPSEMA; and

(b) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of safety investigation levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 686(2); and

(c) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of safety case levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 687(4); and

(d) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of well investigation levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 688(2); and

(e) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of annual well levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 688A(2); and

(f) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of well activity levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 688B(2); and

(g) the following amounts paid to NOPSEMA on behalf of the Commonwealth:

(i) amounts paid by way of environment plan levy imposed by the Regulatory Levies Act;

(ii) amounts paid by way of late payment penalty under subsection 688C(2); and

(h) any other amounts paid to NOPSEMA, on behalf of the Commonwealth, by a State or the Northern Territory; and

(i) any other amounts paid to NOPSEMA on behalf of the Commonwealth.

(2) The Finance Minister may give directions about the amounts in which, and the times at which, money payable under paragraph (1)(a) is to be paid to NOPSEMA.

(3) If a direction under subsection (2) is given in writing, the direction is not a legislative instrument.

(4) If an amount referred to in any of paragraphs (1)(b) to (i) is refunded by the Commonwealth, NOPSEMA must pay to the Commonwealth an amount equal to the refund.

(5) The responsible Commonwealth Minister may, on behalf of the Commonwealth, set off an amount payable by NOPSEMA under subsection (4) against an amount that is payable to NOPSEMA under subsection (1).

(6) Amounts payable under paragraphs (1)(b) to (i) are to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

(7) In this section:

Finance Minister means the Minister administering the Public Governance, Performance and Accountability Act 2013.

683 Application of money by NOPSEMA

(1) The money of NOPSEMA is to be applied only:

(a) in payment or discharge of the costs, expenses and other obligations incurred by NOPSEMA in the performance of its functions and the exercise of its powers; and

(b) in payment of any remuneration or allowances payable under this Act.

(2) Subsection (1) does not prevent investment, under section 59 of the Public Governance, Performance and Accountability Act 2013, of money that is not immediately required for the purposes of NOPSEMA.