Opened the debate
King argued that the bill establishes a nationally consistent framework to support reliable domestic gas supply for households, manufacturers, and regional communities while maintaining Australia's status as a trusted exporter. King stated that the levy on export licences ensures that the costs of administering the regulatory framework are borne by the industry benefiting from it, rather than the wider public. King explained that the levy applies to licence holders during regulated periods, with amounts prescribed by regulations to reflect differences in regulatory effort. King noted that unpaid levies would attract daily penalties, recoverable as debts to the Commonwealth, and that the bill commences on 1 January 2028.