Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 12 MAY 2014

Energy Sector Update: May 2014 edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
Contributor
Corrs Chambers Westgarth

Corrs Chambers Westgarth

Corrs Chambers Westgarth is Australia’s leading independent law firm. We provide exceptional legal...

View firm profile
Explore more from Corrs Chambers Westgarth

News updates for the energy & resources sector.

AustraliaEnergy and Natural Resources
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
Author LinkedIn connections

Recently completed deals

On 15 April 2014, Magellan Petroleum received the final A$5 million payment for the sale of its onshore Australian assets (including the Palm Valley and Dingo projects ) to ASX-listed exploration and production company Central Petroleum Limited . In total, Magellan has received A$20 million in cash from Central Petroleum, and 39.5 million newly issued shares in Central Petroleum stock, giving Magellan an approximate 11% ownership interest. Magellan is now Central Petroleum's largest shareholder.

Recent announcements

In the February 2014 edition of the Australian Energy Sector Update we reported on Baytex 's proposed acquisition of ASX-listed Aurora Oil & Gas . The deal would see Baytex's wholly owned subsidiary, Baytex Energy Australia , purchase all the shares in Aurora for a cash consideration of A$4.10 per share pursuant to a proposed scheme of arrangement (Scheme). On 11 April 2014, Aurora announced that Baytex received written

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

NSW Raises The Bar For IPC Referral Of Major Energy Projects, And Effectively Removes It For BESS

The NSW Government has doubled the objection threshold for electricity generating works to be referred to the Independent Planning Commission (IPC) and removed objection-based IPC referral for battery energy storage systems altogether. These changes seek to materially reduce approval risk for proponents across the energy sector.
AustraliaEnergy and Natural Resources
Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
Article

Queensland Mining Reforms: Removing Duplication And Refining Objection Rights

Queensland's proposed mining reforms aim to streamline environmental assessment by removing duplication between mining lease and environmental authority processes, while introducing discretionary Land Court referrals and refined objection rights. The Bill proposes significant changes to who may object to mining applications and on what grounds, potentially affecting mining entities, landholders, and community stakeholders across the state.
AustraliaEnergy and Natural Resources
Holding Redlich
Holding Redlich
Article

When Mining Or Exploration Comes To Your Station

Pastoralists should identify the water and operational assets that matter to the station before activity begins, then ensure any access or commercial agreement clearly deals with monitoring, disruption, rehabilitation, liability and review. The legal position will depend on the mining or exploration licence (as the case may be), the pastoral lease, government policy, approvals and proposed activity, but early preparation gives a family stronger footing in discussions.
AustraliaEnergy and Natural Resources
HHG Legal Group
HHG Legal Group
Article

Long-duration Energy Storage In Australia: Closing The Financing Gap

Australia's energy storage market is expanding rapidly, yet long-duration energy storage (LDES) faces a critical financing challenge. While the technical need for storage systems capable of discharging for eight hours or more is widely accepted, the market does not yet fully reward the reliability, resilience and system benefits these projects provide, creating a gap between capital costs and available revenue that threatens bankability.
AustraliaEnergy and Natural Resources
DLA Piper
DLA Piper
Article

Rethinking Utility Hardship: From Reactive Support To System-wide Change

Utility organizations face mounting pressure to address customer hardship through comprehensive ecosystem changes. This analysis explores how utilities can implement interventions across individual, organizational, and systemic levels to create meaningful impact. The framework presented offers a multi-layered approach to transforming reactive support into proactive, system-wide solutions.
AustraliaEnergy and Natural Resources
KordaMentha
KordaMentha
Article

Review Of Financial Provisioning For Resources Industry: Consultation Now Underway

The Queensland Government has launched a comprehensive review of its Financial Provisioning Scheme for the resources industry, examining whether the current framework adequately balances environmental rehabilitation risks with industry growth and investment opportunities. Stakeholders from across the mining sector, investment community, and landholders are invited to provide feedback on the scheme's effectiveness and potential improvements.
AustraliaEnergy and Natural Resources
Holding Redlich
Holding Redlich
Article

Transparency In Automated Decision-Making: What The OAIC Guidance Means For Your Business

Australia's privacy regulator has issued final guidance on new transparency obligations for automated decision-making systems. From December 2026, organisations using computer programs—including AI, algorithms, and everyday software—to make or inform significant decisions about individuals must disclose these practices in their privacy policies. The guidance reveals a broader compliance burden than many expect, particularly for businesses using automated tools across recruitment, pricing, credit
AustraliaPrivacy
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Australia’s Privacy Act Reforms: Fundamental Changes Proposed In New Exposure Draft

Australia's Privacy Act reform has reached a critical milestone with the release of exposure draft legislation proposing fundamental changes to how organisations handle personal information. The reforms introduce a new 'fair and reasonable' test for data collection and use, a right of erasure for large digital platforms, strengthened consent standards, a statutory controller/processor framework, restrictions on trading personal data, and enhanced data breach obligations. These changes come at a time when em
AustraliaPrivacy
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Cross-border software payments and royalties: implications of final taxation ruling and practical compliance guideline Read More

The Australian Taxation Office has issued its final ruling on cross-border software payments, dramatically expanding what constitutes a royalty subject to withholding tax. With retroactive application to July 2021 and a broad interpretation of copyright law, multinational companies face significant compliance risks and potential exposure across software distribution, cloud services, and digital intermediation arrangements.
AustraliaTax
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

EPBC Act Reforms: Consultation On Proposed Regulations To Support Final Tranche Of Reforms

Australia's Department of Climate Change, Energy, the Environment and Water has released consultation papers outlining the regulatory framework for the final phase of environmental protection reforms under the EPBC Act. With submissions closing on 13 October 2026 and implementation scheduled for 1 December 2026, these reforms will fundamentally reshape how projects are assessed and approved, introducing streamlined pathways...
AustraliaEnvironment
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

APRA and ASIC's coordinated approach to frontier AI: implications for financial services entities Read More

APRA and ASIC have issued coordinated guidance on frontier AI risks, requiring financial services boards to demonstrate direct oversight of AI governance, cyber resilience and third-party dependencies. The regulators' expectations build on existing prudential standards and directors' duties, with enforcement signals indicating that proportionate action must be taken before incidents occur.
AustraliaStrategy
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Podcast

Corrs High Vis: Episode 62 - Power, Planning & Data Centres - Inside NSW’s New Guidelines (Podcast)

The NSW Government has released a comprehensive data centre policy framework establishing new guidelines for electricity network connections, planning approvals, and environmental standards. These reforms require data centres to contribute to network infrastructure costs, procure renewable energy, and demonstrate demand flexibility while offering streamlined approval pathways for compliant projects.
AustraliaEnvironment
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Five Decisions That Will Define Australia’s AI Future

Prime Minister Albanese's speech on 15 July 2026 marked a decisive shift in Australia's approach to artificial intelligence, from voluntary guidance to mandatory national regulation. The announcement establishes Australian Standards for AI, copyright licensing requirements, a national planning framework for data centres, energy obligations, and workplace protections—all underpinned by the concept of sovereign AI.
AustraliaMedia, Telecoms, IT, Entertainment
Corrs Chambers Westgarth
Corrs Chambers Westgarth