• Woodside subscribes annually to political forum memberships in Australia. Specifically, Woodside maintains membership of the two major political party business forums in Australia, being the Federal Liberal Party Australian Business Network and the Australian Labour Party Federal Business Forum, at a cost of A$110,000 each per year. Woodside also makes political contributions on an ad hoc basis for participation in other state and federal political conferences and events, not exceeding a total of $60,000 annually. By way of example, Woodside contributed a total of A$59,800 towards participation in other state and federal political conferences and events in the 2016/17 financial year.
• WPL is registering these activities on behalf of itself and its subsidiary entities and representatives who may from time to time engage in the activities on behalf of fellow joint venture participants who may be qualifying Foreign Principals under the Act.
|Description of the arrangement with the foreign principal
A number of WPL subsidiaries (which at the time of lodging this registration were: Woodside Energy Ltd; Woodside Petroleum (Timor Sea 19) Pty Ltd; Woodside Petroleum (Timor Sea 20) Pty Ltd), collectively “Woodside”) are joint venture participants in the Greater Sunrise Joint Venture, of which Woodside is also the Operator. The Greater Sunrise Joint Venture includes petroleum titles in both Timor Leste and Australian jurisdictions. Under the relevant joint venture arrangements, Woodside may from time to time undertake the registered activities on behalf of its fellow joint venture participants which include Timor Gap subsidiary companies (which at the time of lodging this registration were: Timor Gap Greater Sunrise RL, Unipessoal, LDA; Timor Gap Greater Sunrise RL2, Unipessoal, LDA; Timor Gap Greater Sunrise 03-19, Unipessoal, LDA; and Timor Gap Greater Sunrise 03-20, Unipessoal, LDA). This registration is in response to a change of ownership in the Greater Sunrise JV, involving the entry of Timor Gap, with effect from 16th April 2019.