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 (Levy) is our main source of funding. The other source of funding is market fees.
For more information, see Funding.
Setting the levy
The levy is authorised by way of regulations, which we recommend to the Minister each year.
Information on the levy setting principles and process are outlined in the Background section.
Current levy
The Gas (Levy of Industry Participants) Regulations 2025, for the period 1 July 2025 to 30 June 2026, is now in force.
Further information can be found under Current Arrangements.
Previous Levies
Information on previous levies including the regulations, consultation, submissions, and recommendation to the Minister can be found in the Previous levies section.
Current Arrangements
Levy Regulations
The Gas (Levy of Industry Participants) Regulations 2025 came into force on 1 July 2025.
Gas (Levy of Industry Participants) Regulations 2025
The 2025 levy regulations, our recommendation to the Minister for Energy, our analysis of submissions, the submissions we received, and the levy consultation documents are available below.
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.
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.
Previous levies