Investing in Australia's decommissioning future

The government offers programs that help you to attract investment and build capability to do offshore oil and gas decommissioning work in Australia.

They can help you develop new processes and technologies, infrastructure upgrades or new collaborations.

The Offshore Decommissioning Directorate can help identify grants and funding programs that support investment in Australia-based decommissioning activities.

Australia-UK offshore decommissioning partnership

The government signed a Memorandum of Understanding (MoU) with the United Kingdom government to work in partnership to grow our decommissioning industries. This agreement will encourage cooperation in areas such as supply chains, knowledge and skills, regulations and investment. Government, industry and academia will work together to identify and drive shared decommissioning research and projects.

The opportunities on this page could support you to collaborate and form partnerships with others in the industry.

Read the joint statement on Australia-UK decommissioning cooperation.

Government funding opportunities

Below are some government initiatives and advisory services your business may be able to access to help with various decommissioning activities.

Advice for business

AusIndustry’s business outreach network connects small to medium businesses with government support and funding. Their network of Regional Managers across the country can give you tailored advice to suit your business needs.

Read more about the AusIndustry Business Outreach Network

Research and development

The R&DTI offers a tax offset for companies doing eligible research and development activities. The incentive provides financial support and can be an opportunity to work with registered research service providers.

Read more about the R&DTI

The CRC Program funds industry-led collaborative research partnerships to solve industry-identified challenges in line with government priorities.

CRC Grants support medium to long-term collaborations, for up to 10 years. CRC Projects Grants support short-term collaborations, for up to 3 years, with a focus on small to medium businesses.

The NCGP supports early-stage research in all disciplines, except medical research, to produce impactful research for Australia's economic, social, environmental and cultural benefit. Funding opportunities are available across the decommissioning pipeline through various schemes.

Read more about the NCGP

The AEA is a $1.6 billion Australian Government investment aimed at turning research into commercial products, services and innovations. This program provides funding to Australian universities and their industry partners for research projects with high commercial potential.

Read more about the AEA

This scholarship program brings together an industry partner, a university and Australia’s leading science agency, CSIRO, to co-develop a four-year industry-focused PhD project. PhD students will gain unique skills to focus on impact-driven research.

Read more about CSIRO’s iPhD program

The GSTDF-SE supports international science and research collaboration between Australia and selected international partners in priority areas. This includes advanced manufacturing and artificial intelligence. 

Read more about the GSTDF-SE

Commercialisation and business scale-up

The Industry Growth Program offers advice and matched funding grants to Australian startups and small to medium businesses. It supports innovative commercialisation or growth projects that fall under the National Reconstruction Fund’s priority areas.

Read more about the Industry Growth Program

The government provides venture capital programs that increase venture capital investment and promote a private capital market. Several programs are available.

Read more about venture capital programs

The NRFC supports change and growth in Australia’s industries and economy through targeted investment. Instead of providing grants, they assess loans, equity and guarantee opportunities for early-stage startups, growth-stage companies and mature businesses.

Read the NRFCs investment guidance

This initiative offers support for startups and small businesses to access CSIRO’s research expertise and capabilities to grow and develop their businesses.

Read more about CSIRO Kick-Start

Export

Export Finance Australia can provide finance when private lenders can’t meet the need. They support export trade, overseas investment and Indo-Pacific infrastructure projects that benefit Australia. They can also fund major domestic projects that align with the National Interest Framework where existing funds and programs can’t provide all the finance needed. This is subject to government consideration.

Read more about Export Finance Australia

Local communities and infrastructure

The Australian Government is investing $150 million to support major improvements in urban areas. Using a partnership approach, the uPPP brings together governments, businesses and communities to create multi-purpose precincts tailored to reflect local needs. The uPPP supports both precinct development proposals and for delivering construction-ready precinct projects. 

Read more about the uPPP

The Australian Government is investing $400 million to support major improvements in regional, rural and remote areas. The program works with governments, businesses and communities to develop multi-purpose precincts that meet local needs through a shared vision or purpose. The rPPP supports both precinct development proposals and for delivering construction-ready precinct projects.

Read more about the rPPP

This program is creating 3,000 jobs for people living in remote communities over 3 years until 2027. Eligible employers can apply for funding to pay for wages and equipment so they can create new jobs and hire local people.

Read more about the RJED program

NAIF is a Commonwealth Government financier that provides concessional loans for developing infrastructure projects in northern Australia and the Australian Indian Ocean Territories. They support projects with the potential to grow the economy and benefit communities in northern Australia.

Read more about NAIF

Workforce development

If you are an employer hiring an apprentice through the Australian Apprenticeship Program, you may be able to access support through the Priority Hiring Incentive. This payment is for employers hiring Australian apprentices training towards an occupation and Certificate III or higher listed on the Priority List

You can use the Priority List Explorer to see which occupations and qualifications are eligible for support.

Read more about the Priority Hiring Incentive

Workforce Australia is the Australian Government’s employment service. They provide free support for businesses to meet their recruitment needs through applicant matching and shortlisting. Wage subsidies can apply to new and ongoing positions, as well as full-time, part-time, casual, or traineeship or apprenticeship positions.

Read more about Workforce Australia

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