A licence holder that proposes to construct, install, commission, operate, maintain or decommission offshore infrastructure must have a management plan for the licence. A management plan is a plan for these activities, and other activities to be carried out under a licence, that is prepared by the licence holder and approved by the Regulator under Division   2.

Division   3 requires a licence holder to maintain or remove property used in activities under this Act.

Division   4 requires a licence holder to provide financial security to cover decommissioning and other costs.