Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1984
Effective Start Year: 
2020
Scope: 
Subnational
Document Type: 
Act
Economic Sector: 
Energy
Energy Types: 
Oil
Issued by: 
Northern Territory Government - Department of Mines and Energy - Department of Treasury and Finance
Overall Summary: 
An Act to regulate the exploration for, and the production of, petroleum. The objective of this Act is to provide a legal framework within which persons are encouraged to undertake effective exploration for petroleum and to develop petroleum production so that the optimum value of the resource is returned to the Territory.
Investment
Financial incentives for energy infrastructure: 
The Minister must establish and maintain the Petroleum Trust Fund.