Safeguards for the Sea - Offshore Oil Spill Liability in Australia

摘要

The impacts of an offshore oil spill can be catastrophic. It is critical that the law requires those undertaking the high-risk activity of offshore oil exploration to provide compensation in the event of a spill. Imposing appropriate liability can also assist in deterring operators from engaging in risky activity. With offshore oil exploration showing no sign of slowing, a critical look at oil spill liability in Australia is warranted. Legislative reform in Australia is crucial to ensure adequate and efficient compensation is provided in the event of an offshore oil spill.