Petroleum Search Subsidy Regulations (Amendment) (Cth)

STATUTORY RULES

1970 No.

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REGULATIONS UNDER THE PETROLEUM SEARCH SUBSIDY ACT 1959-1969.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Petroleum Search Subsidy Act 1959-1969.

Dated this twenty-seventh

day of February, 1970.

Paul Hasluck

Governor-General.

By His Excellency’s Command,

 

Minister of State for National Development.

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Amendments of the Petroleum Search Subsidy Regulations 

Prescribed part or costs of prescribed operations.

1. Regulation 4 of the Petroleum Search Subsidy Regulations is amended by omitting from paragraph (a) the word “First”.

Repeal.

2. Regulations 5, 6 and 7 of the Petroleum Search Subsidy Regulations are repealed.

The Schedule.

3. The Schedules to the Petroleum Search Subsidy Regulations are repealed and the following Schedule inserted in their stead:—

THE SCHEDULE

Regulation 4.

Relation of Subsidy to Costs

Column 1	Column 2
Class of operations	Part
Geophysical survey...............................................................................................	Three-tenths
Exploration drilling operation...............................................................................	Three-tenths

* Notified in the Commonwealth Gazette on  1970.

 Statutory Rules 1964, No. 119.

      

Printed by Authority by the Government Printer of the Commonwealth of Australia

21502/69—Price 5c 10/30.1.1970