14.28

Progress

75%

Commenced.

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
Department of Environment, Parks and Water Security
Department of Industry, Tourism and Trade

Action item update

Implementation progress

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.