Commenced. Initial policy development underway.
That prior to the grant of any further production approvals, the Government imposes a non-refundable levy for the long-term monitoring, management and remediation of abandoned onshore shale gas wells in the NT.
To be completed by end December 2021.
Department of Industry, Tourism and Trade
Department of Treasury and Finance
Action item update
The Northern Territory Government will consult with industry and scientific experts to determine appropriate monitoring and remediation activities for abandoned wells, and to cost these accordingly.
In conjunction with the development and implementation of comprehensive financial assurance framework (refer to Recommendation 14.13), the government will amend the legislation to establish and administer a non-refundable levy prior to the grant of any further production approvals.