16 March March Board Update March 16, 2020 By AMPLA Admin Board, General Board Update, COVID-19 0 From the Chair and Executive Director AMPLA is closely monitoring developments and advice from both Federal and State Governments regarding the COVID-19 virus. Given the extraordinary circumstances, we wanted to reach out personally to our members, to provide an update on the changes AMPLA is making to keep our members, guests and staff safe and well, and to ensure the continued delivery of our member services. Bringing people together to connect with industry professionals, share experiences and develop expertise in energy, resources and renewables law is the core of AMPLA’s existence. In response to the exceptional circumstances surrounding COVID-19, AMPLA is transitioning its seminars and events into virtual events. These virtual events will enable our members to continue to hear and engage with our expert speakers, from their office or home workplace. In relation to major events, we have made the decision to postpone the WA Conference, currently scheduled for 22 May 2020. A decision on the future timing and delivery format of the WA Conference will be made at a later date, given the rapidly changing environment. We are also preparing to deliver the planned seminars in WA and VIC this month as virtual events. We will also be testing remote workplace protocols for our staff this week, should we need to implement a longer-term solution, and we ask that if we are unable to answer your phone call, please send our team an email and we’ll get the relevant staff member to get in contact with you. AMPLA will continue to closely monitor developments and advice from Government regarding the COVID-19 virus and will provide further updates to members over the coming weeks. Please feel free to contact us if you have any concerns or suggestions. Regards, Ryan Hartfield, Gordon Bunyan Chair, AMPLA Board Executive Director Related Articles February Board Update From AMPLA Board Chair, Ryan Hartfield: Welcome to our first edition of Board updates for 2020 Our aim is to provide our members with a regular update following each Board meeting, on the strategic discussions happening around the Board table. COVID-19 AMPLA Update From the Chair and Executive Director Further to our update last week, AMPLA is pleased to confirm the following arrangements are now in place to support our staff and members in the coming months: How foreign investment changes may impact the mining and energy sector In early June 2020, the government announced a review of the foreign investment rules, expanding them to apply to all foreign investors in anything deemed a ‘sensitive national security business’. The changes are scheduled to come into effect on 1 January 2021. There are concerns that this will impact foreign investment in the mining and energy sectors, and in particular the critical minerals space. AMPLA Needs You From the Chair and Executive Director AMPLA needs your support. Despite numerous efforts to arrest the decline in growth over the past few years, AMPLA continues to experience difficulty in its ability to generate revenue. Our membership revenue and conference attendance have not met our business plan for the last two years. COVID has certainly impacted our ability to host face to face events and resulted in the cancellation of the flagship annual conference. However, the underlying struggle AMPLA faces is not solely linked to COVID – in other words, unless major changes are made our revenue base will continue to decline. After 40+ years of existence AMPLA must now face the fact that it has to change its approach and the services and value it offers to build its membership numbers and increase its capacity to generate revenue. Submission - DISER Consultation Paper December 2020 ‘Enhancing Australia’s decommissioning framework for offshore oil and gas activities’ A gas-led recovery is on the way The COVID-19 pandemic hit the Australian economy hard. In the March and June quarters of 2020, GDP plunged 7.3%, placing the country into recession. While the economy has since partially rebounded, the government has developed a long term plan for a gas-fired recovery. The economic benefits could be significant. A recent Ernst & Young report found that the oil and gas industry could boost the economy by over $350 billion and create 220,000 new jobs over the next 20 years if key projects are supported. This will be delivered across three key areas. Of the measures outlined, some are well on the way with others yet to come. Showing 0 Comment Comments are closed.