Statutory Rules 1994
No. 50 1
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Offshore Minerals (Retention 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 (Retention Licence Fees) Act 1994.
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 (Retention 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 (Retention Licence
Fees) Act 1994.
Amount of retention licence fee
3.For the purposes of subsection 4 (1)
of the Act, the amount of a retention licence fee for a year of the term of the
licence is calculated by multiplying $200 by the number of blocks covered by
the licence at the beginning of that year.
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NOTE
1. Notified in the Commonwealth
of Australia Gazette