Orphan well levy
117AZM Orphan well levy
There is an orphan well levy.
(2) The levy is imposed to provide funding for the following purposes:
monitoring and assessing the integrity of orphan wells;
(b) obtaining expert reports relating to the integrity of an orphan well;
(c) performing, or engaging appropriately qualified persons to perform, maintenance work on orphan wells;
(d) preparing remediation plans to rectify the loss of integrity of orphan wells;
(e) carrying out work to rectify the loss of integrity of an orphan well;
undertaking well and infrastructure decommissioning;
(g) undertaking other work and activities appropriate in connection with the orphan wells.
The levy is payable in relation to each financial year.
(4) The levy is imposed from the beginning of the 2023/2024 financial year.
The levy is payable to the Minister.
(6) Any unpaid levy may be recovered as a debt due and payable to the Territory.
This Act’s bill:Second reading speech
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