Initial policy development underway.

That prior to the grant of any further production approvals, the Government considers developing and implementing a tiered regulatory model such as the one in SA, whereby gas companies with a demonstrated record of good governance and compliance require a lower level of monitoring, with a corresponding reduction in regulatory fees.

Target completion date

Stage 3.
To be completed by end December 2021.

Reform area
Ensuring accountable industry practice
Project action
Monitoring gas companies and their operations
Lead agency

Action item update

Implementation progress

For at least the next five years, all operators will require a high level of monitoring by the regulator.

Only when the industry is well established will the government consider the use of a tiered regulatory model of the kind used in South Australia.