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 NT Government has determined that all operators will require a high level of monitoring by the regulator for at least 5 years following the recommencement of unconventional gas activity in February 2019. A tiered regulatory model will be considered only when the industry is well established and can demonstrate good governance and compliance.