Initial policy being developed.
That prior to the granting of any further production approvals, the Government designs and implements a full cost recovery system for the regulation of any onshore shale gas industry.
To be completed by end December 2021.
Action item update
The Department of Treasury and Finance is progressing analysis of regulatory fees structures and charges in other jurisdictions and is preparing a discussion paper for consultation on the proposed cost recovery system for consideration by Cabinet. Consultation with industry and key stakeholders will inform the final system.
The government will make the required legislative changes