Petroleum (Submerged Lands) Fees Act 1994 (Cth)
This compilation was prepared on 9 May 2001
taking into account amendments up to Act No. 28 of 2001
The text of any of those amendments not in force
on that date is appended in the Notes section
The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra
Contents
This Act may be cited as the
Petroleum (Submerged Lands) Fees Act 1994 .
This Act commences on 1 July 1994.
The
Petroleum (Submerged Lands) Act 1967 is incorporated with this Act and is to be read as one with this Act.
(1) The holder of:
(a) an exploration permit (other than one granted under section 22B of the
Petroleum (Submerged Lands) Act 1967 ); or(b) a retention lease; or
(c) a production licence; or
(ca) an infrastructure licence; or
(d) a pipeline licence;
must pay a fee in respect of each year of the term of the permit, lease or licence.
(2) The fee:
(a) is payable to the Designated Authority; and
(b) is to be specified in, or calculated in accordance with, the regulations.
(3) The fee for the first year of the term of the permit, lease or licence is payable within one month after the day on which the term commences.
(4) The fee for a subsequent year of the term of the permit, lease or licence is payable within one month after the anniversary of the day on which the first year of the term commences.
(5) A fee is not payable under this Act for a year of the term of the permit, lease or licence if a fee is payable for that year of the term under:
(a) the
Petroleum (Submerged Lands) (Exploration Permit Fees) Act 1967 ; or(b) the
Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985 ; or(c) the
Petroleum (Submerged Lands) (Production Licence Fees) Act 1967 ; or(d) the
Petroleum (Submerged Lands) (Pipeline Licence Fees) Act 1967 .
(1) If the holder of the permit, lease or licence does not discharge the liability to pay the fee at or before the time when the fee becomes payable, the holder must pay an additional amount to the Designated Authority.
(2) The additional amount is to be:
(a) calculated at the rate of one‑third of a percent per day upon the amount of the fee remaining unpaid; and
(b) computed from the time when the fee became payable until the time when it is paid.
(1) An amount payable under section 4 or 5 is a debt due by the holder to the Commonwealth.
(2) An amount payable under section 4 or 5 is recoverable in a court of competent jurisdiction.
(3) The fees and additional amounts received by the Designated Authority are received by the Designated Authority on behalf of the Commonwealth.
The Governor‑General may make regulations prescribing matters:
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.
The
Act | Number and year | Date of Assent | Date of commencement | Application, saving or transitional provisions |
81, 1994 | 23 June 1994 | 1 July 1994 | ||
5, 2000 | 7 Mar 2000 | Schedule 2: Royal Assent | — | |
28, 2001 | 28 Apr 2001 | Schedule 2: Royal Assent | — |
(a) ThePetroleum (Submerged Lands) Fees Act 1994 was amended by Schedule 2 only of thePetroleum (Submerged Lands) Legislation Amendment Act (No. 1) 2000 , subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(b) ThePetroleum (Submerged Lands) Fees Act 1994 was amended by Schedule 2 only of thePetroleum (Submerged Lands) Legislation Amendment Act 2001 , subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
am. = amended rep. = repealed rs. = repealed and substituted | |
Provision affected | How affected |
S. 4......................................... | am. No. 5, 2000; No. 28, 2001 |
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