OFFSHORE PETROLEUM AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008 - OFFSHORE PETROLEUM (ANNUAL FEES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008 - OFFSHORE PETROLEUM (REGISTRATION FEES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008 - OFFSHORE PETROLEUM (SAFETY LEVIES) AMENDMENT (GREENHOUSE GAS STORAGE) BILL 2008 - In Committee
Senator WONG (South Australia) (Minister for Climate Change and Water) (6:25 PM) -I table a supplementary explanatory memorandum relating to the government amendments to be moved to this bill. I am advised that the memorandum was circulated in the chamber on 14 October 2008.
Senator MILNE (Tasmania) (6:26 AM) -I move Australian Greens amendment (1) on sheet 5603 revised:
(1) Schedule 1, item 2A, page 3 (after line 23), at the end of section 2A, add:
(2) Another object of this Act is to ensure the full liability into the future for any adverse impact, including any leakage from carbon storage projects, is borne by the entities undertaking those projects.
It is an additional subsection and the effect of this amendment is to include:
Another object of this Act is to ensure the full liability into the future for any adverse impact, including any leakage from carbon storage projects, is borne by the entities undertaking those projects.
The reason for this amendment is