Simplified outline of this Part
113 Simplified outline of this Part
A licence holder that proposes to construct, install, commission, operate, maintain or decommission offshore infrastructure must have a management plan for the licence. A management plan is a plan for these activities, and other activities to be carried out under a licence, that is prepared by the licence holder and approved by the Regulator under Division 2.
Division 3 requires a licence holder to maintain or remove property used in activities under this Act.
Division 4 requires a licence holder to provide financial security to cover decommissioning and other costs.
This Act’s bill:Explanatory memorandumSecond reading speech
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