Northern Endeavour

But the numbers don't stack up when you actually look at the economics of this.

And then on top of that, when you look at, say, what happened with the Northern Endeavour, which cost taxpayers a lot of money to fund the decommissioning of a sort of a different but not dissimilar sort of situation where you had a big company, Woodside, selling it to a small company who couldn't financially make it viable.

Who ends up actually footing the bill? The taxpayer.

yes, they put a levy on the industry, but we can avoid having to actually put any obligations on the taxpayer by making sure there is upfront guarantee and actual funding put aside so that the decommissioning does not fall on the Australian people.