Western Australia Strengthens Petroleum Legislation to Unlock New Industries
Key Ideas
  • The Petroleum Legislation Amendment Act 2024 in Western Australia unlocks opportunities for greenhouse gas transport and storage, as well as exploration of naturally occurring hydrogen.
  • The legislation formalizes phases of operation such as care and maintenance, decommissioning, and rehabilitation, while also supporting the polluter pays principle.
  • The Department of Mines, Industry Regulation and Safety is actively engaging with stakeholders to develop supporting regulations for the new legislation.
  • The amendments aim to strengthen the existing petroleum legislation in Western Australia and pave the way for the development of new industries in the state.
In May, the Western Australia Parliament passed the Petroleum Legislation Amendment Act 2024, a significant package of legislative amendments that aims to strengthen the state's petroleum legislation and unlock new industries. The Act introduces a framework for the permanent transport and storage of greenhouse gases in the state, as well as enabling the exploration and production of naturally occurring hydrogen through regulated substances. The legislation also officially recognizes care and maintenance, decommissioning, and rehabilitation as distinct phases of petroleum operations. Moreover, it supports the implementation of the polluter pays principle. The Department of Mines, Industry Regulation and Safety has already begun the process of developing supporting regulations for the new legislation and is committed to ongoing engagement with stakeholders. These legislative changes are designed to enhance the regulatory framework in Western Australia, promote sustainable practices in the petroleum industry, and facilitate the growth of new sectors within the state's economy.
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