Australian Industry Participation (AIP) requirements ensure full, fair and reasonable opportunity for Australian industry to compete for work. This includes work in major public and private projects in Australia, and procurements or projects receiving Australian Government funding of $20 million or more.
Applying for combination certificates for petroleum projects
Taxpayers can apply for a combination certificate to allow two or more petroleum production licences to be recognised as a single project. This is done under the Petroleum Resource Rent Tax Assessment Act 1987.
We work with state and territory governments to ensure a more efficient and internationally competitive building, plumbing and construction industry. This includes the adoption of nationally consistent reforms to building and plumbing regulation such as the National Construction Code.
Oil and gas companies must seek approval to undertake offshore oil and greenhouse gas activities in Australian waters. In 2014 the government streamlined the environmental assessment process to reduce burden on companies, stakeholders and the community.
The Australian Government and state and territory governments own Australia’s mineral and petroleum resources on behalf of the community. Companies that extract mineral and petroleum resources must pay taxes and royalties. This ensures the community receives an adequate return on the use of Australia’s non-renewable resources.