APPEA calls for Queensland reform

The Australian Petroleum Production and Exploration Association (APPEA) is calling on Queensland’s major political parties to support the establishment of a new ‘red tape-busting’ taskforce to halve regulatory compliance costs and approvals times.

APPEA Queensland Director Rhys Turner said the high level joint industry-government taskforce was one of several policies the industry has put forward to encourage exploration and development.

The Queensland Government’s own analysis shows that regulation currently accounted for 37 per cent of exploration costs and almost 10 per cent of all costs over a project’s life.

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