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.
To be completed by end December 2021.
Department of Industry, Tourism and Trade
Action item update
The Government is considering the development of a regulatory model that will facilitate a ‘high compliance culture’ within the on-shore gas industry and therefore support a tiered approach to regulation, at such time that the NT has a more mature gas industry. In the interim the NT Government has determined that all operators will require a high level of monitoring by the regulator for at least five years following the recommencement of unconventional gas activity in February 2019.