As you've implied with the question, the rationale behind these amendments is to ensure that we have a more competitive regulatory system for LNG projects. Indeed, the rationale behind the amendments came out of the many discussions we've been having directly with project proponents. We have engaged in economic modelling with a number of proponents. This had come up as a measure that would support the economic competitiveness of LNG projects going forward.
I would note this is one of two measures included in budget 2025 that would support the development of LNG projects. The other is the extension of the ACCA, or the accelerated capital cost allowance, treatment to these projects. We are still developing that amendment with the Department of Finance and expect to be in a position to legislate that shortly.
