Petroleum Search Subsidy Regulations (Amendment) (Cth)

STATUTORY RULES.

1964. No. 63.

 

REGULATIONS UNDER THE PETROLEUM SEARCH SUBSIDY ACT 1959-1961.*

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 1959-1961.

Dated this fourteenth day of May, 1964.

DE L’ISLE

Governor-General.

By His Excellency’s Command,

(sgd) W. H. Spooner

Minister of State for National Development.

 

PETROLEUM SEARCH SUBSIDY REGULATIONS. 

Rates of subsidy on footage basis.

1. Regulation 2 of the Petroleum Search Subsidy Regulations is amended—

(a)by omitting from sub-regulation (3.) the words “and to test drilling”; and

(b)by adding at the end thereof the following sub-regulation:—

“(5.) The scale of rates set out in the Fourth Schedule to these Regulations is applicable to test drilling.”.

Second Schedule.

2. The Second Schedule to the Petroleum Search Subsidy Regulations isamended by omitting from the heading the words “AND TEST DRILLING”.

* Notified in the Commonwealth Gazette on 21st May, 1964.

 Statutory Rules 1961, No. 140.

4276/64.—Price 6d. 9/15.4.1964.

Fourth Schedule.

3. After the Third Schedule to the Petroleum Search Subsidy Regulations the following Schedule is added—

FOURTH SCHEDULE.

Regulation 2 (5.).

Test Drilling.

Depths.		Rate of Subsidy per Foot.
From.	To.	Drilled.			Drilled and Cored.
Feet.	Feet.	£	s.	d.	£	s.	d.
0	1,000	18	0	1	16	0
1,000	2,000	1	0	0	2	0	0
2,000	3,000	1	2	0	2	4	0
3,000	4,000	1	6	0	2	12	0
4,000	5,000	1	14	0	3	8	0
5,000	6,000	2	4	0	4	8	0
6,000	7,000	2	16	0	5	12	0
7,000	8,000	3	12	0	7	4	0
8,000	9,000	4	10	0	9	0	0
9,000	10,000	5	10	0	11	0	0
10,000	11,000	6	12	0	13	4	0
11,000	12,000	7	16	0	15	12	0
12,000	13,000	9	2	0	18	4	0
13,000	14,000	10	10	0	21	0	0
14,000	..	12	0	0	24	0	0

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra.