Explore this Work Programme:
Overview
The Gas Act provides for a levy on industry participants to fund the activities of Gas Industry Co (as industry body) pursuant to that Act.
The Gas Levy of Industry Participants is our main source of funding. The other source of funding is market fees. For more information, see Funding.
Setting the levy
The levy component is authorised by way of regulations which we recommend to the Minister annually.
Information on the levy setting process and principles can be found in the Background section.
Current levy - FY2025
The Gas (Levy of Industry Participants) Regulations 2024, for the period 1 July 2024 to 30 June 2025, are now in force.
Documents relating to the FY2025 Levy can be found under Current Arrangements
Developing the FY2026 Levy
Information on the proposed work programme and levy for the period 1 July 2025 to 30 June 2026 can be found in the Developing section.
Previous Levies
Information on previous levies including the regulations, consultation, submissions, and the recommendation to the Minister of Energy can be found in the Previous levies section.
Current arrangements
Levy Regulations
The Gas (Levy of Industry Participants) Regulations 2024 came into force on 1 July 2024.
Gas (Levy of Industry Participants) Regulations 2024
The 2024 levy regulations, our recommendation to the Minister for Energy, our analysis of submissions and the levy consultation document are available below.
The full submissions are available on the 2024-2025 Levy page.
Statement of Intent
We publish a Statement of Intent (SOI) each year as required under the Gas Act 1992 (sections 43ZQ-43ZV).
The SOI covers the next three financial years, Information includes the nature and scope of operations and work programme objectives, and their alignment with the Gas Policy Statement (GPS) outcomes, and financial and non-financial measures.
The current SOI (2025 - 2027) is available below.
Related documents
Developing
Consultation on proposed FY2026 work programme and levy has now closed
On 18 December, consultation opened on the proposed work programme for FY2026 and the levy that industry participants will pay. The Consultation Paper is available below.
Written submissions on this Consultation Paper were required to be provided to Gas Industry Co via email to [email protected] by 5.00 pm, Friday 7 February 2025.
The feedback received will now be reviewed before a Statement of Intent (SOI) and Levy Regulation is provided to the Minister for Energy. The FY2026-2028 SOI and FY2026 Levy Regulations will take effect from 1 July 2025.
The submissions received are available below.
Co-regulatory forum
On 28 November, the annual co-regulatory forum took place providing industry with an opportunity to share feedback on the proposed FY2026 work programme and associated levy budget.
The slides presented at the forum are available below.
Related documents
Submissions
Background
This section provides information on the levy setting process and principles.
Gas Industry Co was established in 2004 to perform the role of the ‘industry body’ as set out in Part 4A of the Gas Act 1992 (Act). In consultation with the industry, it develops an annual Statement of Intent, which includes an annual Work Programme, an indication of further activity in the following years, and associated funding requirements.
About the levy
The Gas Act provides for a levy on industry participants to fund the activities of Gas Industry Co (as industry body) pursuant to that Act. Gas Industry Co as industry body incurs the costs of:
- making recommendations concerning any gas governance arrangements, including for regulations and rules under the Act;
- establishing, operating and facilitating the operation of markets for industry participants;
- providing advice to the Minister on matters concerning the gas industry;
- governance of the industry body;
- collecting the levy; and carrying out other functions of duties, or exercising any powers, under the Act.
The objectives of the Levy arrangements workstream is to deliver a levy recommendation to the Minister of Energy, sufficient to fund our planned activities in the relevant financial year and ensure that the balance of Industry Advances Reserve account is within acceptable limits.
The levy is reset annually. The process includes us consulting with stakeholders on matters related to the levy and making a recommendation to the Minister on levy regulations for the year ahead.
The Statement of Levy Principles
The Statement of Levy Principles describes the legislative authority, levy principles and levy structure we use when developing our levy recommendation for funding each year, under the levy provisions of the Gas Act 1992.
The statement assumes all the topics covered within it have been settled and are agreed to. It is available below.
Guideline for industry participants regarding payment of the levy and market fees
The guideline below provides industry participants with information on how the levy on market fees is determined, and when the levy and market fees must be paid.
Wholesale Levy Assurance Options Paper - September 2016
Gas Industry Co issued its Analysis of Submissions on the September 2016 Options Paper - Wholesale Levy Assurance. Seven submissions were received.
Gas Industry Co identified a series of options that could be used to mitigate the risks associated with inaccurate levy returns and payments. These options range from introducing regular audits of levy payers through to using data that is sourced independently from levy payers as the basis of the levy invoices. The latter reflects the change that was made to the method of invoicing for retail levies in FY2010 when we began using data from the gas registry to identify each retailer’s ICP market share.
Learn more information about the Wholesale Levy Assurance Options Paper - September 2016
Levy refunds
Our policy is that, subject to the Gas Industry Company maintaining adequate capital reserves, the balance of the Industry Advances Reserves (IAR), comprising any over-collected levies and budget underspend, be repaid to the industry as soon as practicable after the annual accounts have been received by shareholders at our Annual Meeting.
There have been no refunds since 2020.
Refunds made from the Industry Advances Reserves account between 2010 and 2019 can be found below. Refer to our annual reports for more information.
Related documents
Previous levies
Each year when the new Gas (Levy of Industry Participants) Regulations come into force on 1 July the previous year's regulations are revoked.
Current levy
Previous levies