Offshore Minerals (Exploration Licence Fees) Regulations (Cth)

Statutory Rules 1994

No. 49 1

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Offshore Minerals (Exploration Licence Fees) Regulations

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Offshore Minerals (Exploration Licence Fees) Act 1981.

Dated 4 March 1994.

 BILL HAYDEN

 Governor-General

By His Excellency’s Command,

D. BEDDALL

Minister for Resources

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Citation

 1. These Regulations may be cited as the Offshore Minerals (Exploration Licence Fees) Regulations.

[NOTE:

 These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48]

Interpretation

 2.In these Regulations, unless the contrary intention appears:

“the Act” means the Offshore Minerals (Exploration Licence Fees) Act 1981.

Amount of exploration licence fee

 3.For the purposes of subsection 4 (1) of the Act, the amount of an exploration licence fee for a year of the term of the licence is:

• (a)

  $600; or

• (b)

  $20 for each block covered by the licence;

 whichever is the greater at the beginning of that year.

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NOTE

1. Notified in the Commonwealth of Australia Gazette