Document ID: chunk:federal_register_of_legislation:C2024C00828:section:5
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 5
Character Range: 31124–32567

5  Commonwealth‑State agreement (the Offshore Constitutional Settlement)
 (1) This section explains the agreement known as the Offshore Constitutional Settlement, to the extent to which that agreement relates to exploring for, and exploiting, petroleum.
 (2) The Commonwealth, the States and the Northern Territory have agreed that:
 (a) Commonwealth offshore petroleum legislation should be limited to the area that is outside the coastal waters of the States and the Northern Territory; and
 (b) for this purpose, the outer limits of State and Northern Territory coastal waters should start 3 nautical miles from the baseline of the territorial sea; and
 (c) the States and the Northern Territory should share, in the manner provided by this Act, in the administration of the Commonwealth offshore petroleum legislation; and
 (d) State and Northern Territory offshore petroleum legislation should apply to State and Northern Territory coastal waters; and
 (e) the Commonwealth, the States and the Northern Territory should try to maintain, as far as practicable, common principles, rules and practices in regulating and controlling the exploration for, and exploitation of, offshore petroleum beyond the baseline of Australia's territorial sea.
 (3) The table summarises other Acts that provide background to the Offshore Constitutional Settlement:

Other Acts
Item        Act                                                  Summary of Act