Continuing to advance a single domestic market for services
The Government will improve national regulation of resources informed by recommendations put forward by the Productivity Commission study on Resources Sector Regulation.
The Government should drive a coordinated approach among states and territories to regulation and standards in the resources sector.
Progress to date
In August 2021, the Government passed legislative amendments to the Offshore Petroleum and Greenhouse Gas Storage Act (2006) to improve the national regulation of offshore resources. It has also concluded reviews of the Commonwealth regulators, the National Offshore Petroleum Titles Administration (NOPTA) and the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), and is committed to continuing to work to improve their performance.