MARKETS

DMP defends NWSV royalty role

WESTERN Australia’s Department of Mines and Petroleum has rejected criticism of its methodology of collecting royalties from the Woodside Petroleum-led North West Shelf Venture in the wake of a critical report from Australia’s National Audit Office.

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The NOA this week was critical of oversight of the royalty scheme, but DMP's general manager royalties, David Norris, said the department's processes were robust and comprehensive, and that the Australian...

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