Australia's Offshore Petroleum Act scheduled to take effect July 1
June 27, 2008
As of July 1, 2008, sections three through five of the Commonwealth Offshore Petroleum Act 2006 will come into effect and the Petroleum Submerged Lands Act 1967 will be repealed.
Offshore staff
PERTH, Australia -- As of July 1, 2008, sections three through five of the Commonwealth Offshore Petroleum Act 2006 will come into effect and the Petroleum Submerged Lands Act 1967 will be repealed, according to Western Australia's Department of Industry and Resources.
The new Offshore Act provides changes to the structure and style of the legislation with some minor policy changes.
The Offshore Petroleum Act, other related acts and the Explanatory Memorandum can be found on the Commonwealth of Australia Law website at www.comlaw.gov.au
