Tuesday, 17 March 2020

Petroleum Legislation Amendment Bill 2020

Introduction and first reading

Mr PALLAS (Werribee—Treasurer, Minister for Economic Development, Minister for Industrial Relations) (13:01): I move:

That I introduce a bill for an act to amend the Petroleum Act 1998 and the Offshore Petroleum and Greenhouse Gas Storage Act 2010 and for other purposes.

Motion agreed to.

Mr R SMITH (Warrandyte) (13:02): I ask the Treasurer for a brief explanation of the bill.

Mr PALLAS: I thank the member. The bill will amend the Petroleum Act 1998 to enable the restart of the onshore conventional gas industry on terms that will enhance community confidence in that industry. The bill will also amend the Offshore Petroleum and Greenhouse Gas Storage Act 2010 to prioritise any new gas from future offshore production licences for domestic users.

Read first time.

Ordered to be read a second time tomorrow.