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Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2022
61Review of cost‑recovery arrangements—periodic reviews
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61 Review of cost‑recovery arrangements—periodic reviews
(1) The CEO must conduct periodic reviews of cost‑recovery arrangements in relation to the operations of NOPSEMA. (2) A review under subsection (1) must include a comparison of the costs and expenses incurred by NOPSEMA in undertaking regulatory activities during the period covered by the review with the fees and levies collected by NOPSEMA that relate to that period.