Petroleum Search Subsidy Regulations (Cth)
PETROLEUM SEARCH SUBSIDY ACT-
PETROLEUM SEARCH SUBSIDY ACT.
PETROLEUM SEARCH SUBSIDY REGULATIONS.
STATUTORY RULES 1961, No. 140.(a)
.
.
Citation
1. These Regulations may be cited as the Petroleum Search Subsidy Regulations.
Rates of subsidy on footage basis
2.—(1.) The scales of rates of subsidy set out in the Schedules to these
Regulations are prescribed for the purposes of section nine A of the
Petroleum Search Subsidy Act 1959-1961.
(2.) The scale of rates set out in the First Schedule to these Regulations is applicable to detailed structure drilling.
(3.) The scale of rates set out in the Second Schedule to these Regulations is applicable to stratigraphic drilling, other than off-structure drilling, and to test drilling.
(4.) The scale of rates set out in the Third Schedule to these Regulations is applicable to off-structure stratigraphic drilling.
Manner of application of Schedules
3.—(1.) The amounts set out in a Schedule to these Regulations under the heading “Drilled” are applicable in relation to a method of drilling not involving the extraction of a core, and the amounts set out in a Schedule to these Regulations under the heading “Drilled and Cored” are applicable in relation to a method of drilling involving the extraction of a core.
(2.) Each amount set out in a Schedule to these Regulations is the amount of subsidy per foot that is applicable to so much of the footage of a hole in relation to which the Schedule applies as—
(a)has been drilled by a method in relation to which that amount is applicable; and
(b)is included in the portion of the hole that commences at the depth specified in the first column of that Schedule opposite to that amount and extends—
(i)to the depth specified in the second column of that Schedule opposite to that amount; or
(ii)where the depth of the hole is less than the depth so specified in that second column, or where no depth is so specified in that second column—to the depth to which the hole has been drilled.
References to depth
4. For the purposes of these Regulations, the depth at any point in a hole shall be taken to be the footage of the hole between the natural surface of the ground and that point.
(a) Made under the Petroleum Search Subsidy Act 1959-l961 on 13th November, 1961; notified in
the Commonwealth Gazette on 23rd November, 1961.
Petroleum Search Subsidy Regulations
THE SCHEDULES.
FIRST SCHEDULE.
Regulation 2 (2.).
DETAILED STRUCTURE DRILLING.
Depths. Rate of Subsidy per Foot.
From-
To--
Drilled.
Drilled and Cored.
Feet. Feet. £ s. d. £ s. d. 0 500 1 0 0 1 10 0 500 750 1 5 0 1 15 0 750 1,000 1 10 0 2 0 0 1,000 1,500 2 5 0 2 15 0 1,500 2,000 3 0 0 3 15 0 2,000 .. 3 10 0 4 5 0
SECOND SCHEDULE.
Regulation 2 (3.).
STRATIGRAPHIC DRILLING (OTHER THAN OFF-STRUCTURE DRILLING) AND TEST DRILLING.
Depths. Rate of Subsidy per Foot. From- To- Drilled. Drilled and Cored. Feet.
0
1,000
2,000
3,0004,000
5,000
6,000
7,000
8,000
9,00010,000
11,000
12,000
Feet.
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000£ s. d.
3 0 0
4 0 0
5 10 0
7 0 0
8 10 0
10 10 0
12 10 0
15 0 0
18 0 0
£ s. d.
5 0 0
8 0 0
11 10 0
15 0 0
18 0 0
22 0 0
25 10 0
30 0 0
36 0 021 0 0 42 0 0 24 10 0
28 0 0
31 10 0
35 10 040 0 0
49 0 0
56 0 0
63 0 0
71 0 080 0 0
13,000
14,00014,000
..PETROLEUM SEARCH SUBSIDY ACT—
THIRD SCHEDULE.
OFF-STRUCTURE STRATIGRAPHIC DRILLING.
Regulation 2 (4.).
Depths.
Rate of Subsidy per Foot.
From-
To-
Drilled.
Drilled and Cored.
Feet.
0
1,000
2,000
3,000
4.000
5,000
6,000
7.000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
Feet.
1,000
2,000
3,000
4,000
5,0006,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
...£ s. d.
4 0 05 6 8
7 6 8
9 6 8
11 6 8
14 0 0
16 13 4
20 0 0
24 0 0
28 0 0
32 13 4
37 6 8
42 0 047 6 8
53 6 8
£ s. d.
6 13 4
10 13 4
15 6 8
20 0 0
24 0 029 6 8
34 0 0
40 0 048 0 0
56 0 0
65 6 8
74 13 4
84 0 094 13 4
106 13 4
0
0
0