The Gas (Levy of Industry Participants) Regulations 2021 came into force on 1 July 2021. Further information relating to the current levy including the consultation, submissions, and the recommendation to the Minister of Energy and Resources can be found below.
Key Areas
In December 2020, Gas Industry Co issued a paper: Consultation on Gas Industry Co FY2022 Work Programme and Levy, in respect of its proposed strategy, work programme, and levy for the year ending 30 June 2022 (FY2022).
The Consultation Paper sets out the key elements of Gas industry Co’s Statement of Intent and the associated Levy Funding Requirement (LFR) to form part of the levy regulations for FY2022. Its contents reflect initial feedback received at the Company's Co-regulatory Forum held on 27 November 2020.
The proposed FY2022 work programme set out in that document included work on existing multi-year workstreams; meeting statutory requirements such as the administration of existing gas governance regulations; and sought to address Government and industry priorities through the completion of other key project deliverables. The work programme reflects significant progress already made in addressing the objectives and outcomes set for Gas Industry Co and the industry in the Gas Act and the Government Policy Statement (GPS).
A total of nine formal submissions were received. The Analysis of Submissions, Consultation Paper, the submissions received, and other relevant documents are available below.
The Gas (Levy of Industry Participants) Regulations 2021 came into force on 1 July 2021.