POLICY

As the watchdog grows teeth, costs for offshore industry to rise

AUSTRALIA’s offshore oil and gas industry could be hit with more costs as the regulator that oversees it plans a 10% rise to the levy, after the 2020 freeze during the oil price crash.

Helen Clark

Prelude the most expensive thing to regulate

The National Offshore Petroleum Safety and Environmental Management Authority collects money from operators to spare the taxpayer the costs of regulation. However, more litigation, more inspections...

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