Company Details

Department of Industry, Innovation and Science
Industry House
10 Binara Street
Australian Capital Territory

Company Profile

The Department of Industry, Innovation and Science works to implement the government’s economic agenda by enabling business growth to support job creation and a strong economy. The department is focused on building a globally competitive business environment, including through reforms to reduce the cost of doing business. With rapid technological advances, the department also seeks to ensure our regulatory systems continue to be fit for purpose. The department’s Office of the Chief Economist provides objective, robust and high quality economic analysis to inform policy development across the industry, innovation and resource sectors.
The Resources Division within the department provides policy advice to government on matters relating to the exploration, investment, management and development of Australia’s mineral and energy resources. It also administers a range of regulatory functions relating to offshore petroleum and minerals activity, including supporting the Minister for Resources and Northern Australia in his role as the Commonwealth member of the Joint Authorities. The division also includes the National Offshore Petroleum Titles Administrator (NOPTA) who is responsible for the day-to-day administration of offshore petroleum and greenhouse gas storage titles on behalf of the Joint Authorities.
The work of the division links into the department’s broader objective of contributing to building a diversified, flexible, resilient and dynamic economic environment in which business can compete and grow to adapt to new markets and capture emerging opportunities. The department works in partnership with agencies such as Geoscience Australia, CSIRO and the National Offshore Petroleum Safety and Environmental Management Authority, as well as state and territory governments and businesses to deliver on these aims.