Action 17

Removing royalty rate discount

Scoping/Drafting

Remove royalty discount for tight gas and restore the royalty rate to 10 per cent for all onshore petroleum projects using hydraulic fracture stimulation.

Lead agency
Department of Mines, Industry Regulation and Safety
Target completion date
December 2020
Revised completion date
N/A

Updates

31 March 2020

The State Government is developing drafting instructions for legislative and regulatory amendments required to implement a number of actions.

31 December 2019

Drafting instructions, to amend the Petroleum And Geothermal Energy Resources Act 1967, are under development.

30 September 2019

Drafting instructions are being developed to amend the Petroleum And Geothermal Energy Resources Act 1967 to remove royalty discount for tight gas and restore the royalty rate to 10 per cent for all onshore petroleum projects using hydraulic fracture stimulation.

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