Comprehensive Analysis of AGL's Legal Environment and Compliance

This report provides an analysis of AGL's legal environment in Australia. It details the various approvals required, including Petroleum Exploration Licences (PEL), Review Environmental Factors (REF), Development Consent, and Environmental Protection Licences (EPA). The report examines the relevant acts and regulations, such as the Petroleum Act 1991, Environment Assessment and Planning Act 1979, Protection of Environment Operations Act 1997, Water Management Act 2000, Water Act 1912, and EPBC Act (Environment Protection and Biodiversity Conservation Act 1999). It highlights how AGL must comply with these regulations to ensure environmental safety and sustainable energy production. The report also emphasizes the importance of financial reporting in relation to legal compliance and strategic adjustments. The document references relevant academic sources and online resources to support its findings. This assignment is contributed by a student to be published on the website Desklib, a platform which provides all the necessary AI based study tools for students.

Part 3 – Understanding the
Legal Environment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
PART 3........................................................................................................................................1
REFERENCES................................................................................................................................3

INTRODUCTION
PART 3
AGL is continuously working according to the regulatory factors in Australia and for the
safety of an environment, Coal linked action in New South Wales are strictly regulated and
organised by the industrial authority, by the authorities of Environment protection, Energy and
resources department and others (Agl, 2017). In this context, the AGL department has to take
approvals: -
 Petroleum Title: - PEL (Petroleum Exploration Licence) It is an exploration licence
which is generated by the NSW department of any industry, other departments such as
Resources and Energy allows the companies for the holding and exploring of gas, this
department are governed by the Petroleum Act 1991 which provides very strict technical,
environmental and water pollution control (Romme and Barrett, 2010).
 REF (Review Environmental Factors): - This approval protects the environment under
part 5th of Environment assessment ad planning act 1979. This act is also measured by the
authorities under standards of coal seam gas. This act mainly focuses on the management
of water treatment plants. Also, the assessment of culture, impacts on community and
visual impacts along with the Noise pollution activities must be referred properly.
 Development Consent: - This approval is required for industries for the production of
petroleum activities and this approval is covered in the act of Planning of Environment
and its assessment act 1979 which is related to the policies of Environmental planning
2007 (Cameron, 2012). This approval permits for number of conditions in regulating
water, quality of air, noise and others.
 EPA (Environmental Protection Licence): - This approval issues various licences for
the protection of environment. These licenses are required by the company for both
production and exploration activities, all these activities are governed under the act of
“Protection of Environment Operations Act 1997”. This licence monitors and conducts
regularities for the water, noise and air pollution.
In Australia, number of businesses are benefiting from the smarter solution of Energy with
the help of AGL. For the successful applicability of the financial report, and for the framework
of political and legal environment industries are required to have other legal authorities and
codes of practices such as: -
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Water Licences-
For the keeping and production of these gases AGL requires other water licenses under
the act of water management 2000 or by the water act 1912.
In the water management act 2000, this act ensures the sustainability of NSW water for
both future and the present generation (Green and Newman, 2017). Whereas, in Water Act 1912
it majorly consists of the water allocation and licensing.
Other than this, the company also focuses towards consideration of EPBC Act
(Environment Protection and Biodiversity Conservation Act 1999) which is the key portion of
commonwealth environmental legislation, works in accordance to the safety of environmental
political and commonwealth growth.
For the application of all the above acts and laws along with applying for licenses the
company has to consider financial reporting as critical aspect and make changes in their
strategies in order to attain better outcome. It might assist in referencing the expenses which
related with the functioning (Short and Toffel, 2010). AGL regularly have to check their
functioning as per standards framed under acts and work progressively to the production of
Energy in the form of Electricity generation, electricity distribution, its retailing and others by
maintaining the safety of Environment.
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REFERENCES
Books and Journals
Cameron, D., 2012. Coal seam gas. Interaction. 40(2). p.12.
Green, J. and Newman, P., 2017. Disruptive innovation, stranded assets and forecasting: the rise
and rise of renewable energy. Journal of Sustainable Finance & Investment. 7(2). pp.169-
187.
Romme, A. G. L. and Barrett, F. J., 2010. Strategy Formation and Corporate Citizenship
Conversations and Decisions that Matter. Journal of Corporate Citizenship, (38).
Short, J. L. and Toffel, M. W., 2010. Making self-regulation more than merely symbolic: The
critical role of the legal environment. Administrative Science Quarterly. 55(3). pp.361-396.
Online
Agl, 2017. Energy Interim results. [Online]. Available through :<
https://www.agl.com.au/-/media/AGL/About-AGL/Documents/Investor-Centre/170209-
PresentationPack1642801.pdf?la=en >. Accessed on: [8 Sept, 2017].
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