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 two sources are an annual fee on shareholders and market fees.
The levy component is authorised by way of regulations which we recommend to the Minister annually.
For more information, see Funding.
The Gas (Levy of Industry Participants) Regulations 2024 came into force on 1 July 2024, for the period to 30 June 2025.
Documents relating to the current FY2025 Levy can be found under Current Arrangements
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.
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.
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.
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:
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 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.
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.
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.
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 should be provided to Gas Industry Co via email to [email protected] by 5.00 pm, Friday 7 February 2025.
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.
All documentation regarding the FY2026 work programme and levy will be available here.
Each year when the new Gas (Levy of Industry Participants) Regulations come into force on 1 July the previous year's regulations are revoked.