Petroleum
(Submerged Lands) (Production Licence Fees) Amendment Act 1980
No. 85 of 1980
An
Act to amend the Petroleum (Submerged
Lands) (Production Licence Fees) Act 1967
[Assented to 29 May 1980]
BE
IT ENACTED by the Queen, and the Senate and the House of Representatives of the
Commonwealth of Australia, as follows:
Short
title, &c.
1. (1) This Act may be cited as the Petroleum (Submerged Lands) (Production Licence Fees) Amendment Act 1980.
(2) The Petroleum (Submerged Lands) (Production Licence Fees) Act 1967 is
in this Act referred to as the Principal Act.
Commencement
2. This Act shall come
into operation on a date to be fixed by Proclamation.
Title
3. The title of the
Principal Act is repealed and the following title substituted:
“An Act to provide for the payment
of fees in respect of licences under the Petroleum
(Submerged Lands) Act 1967 to recover petroleum from submerged lands”.
Licence
Fees
4. (1) Section 4 of the Principal Act is amended by omitting from
subsection (1) “Three thousand dollars” and substituting “$9,000”.
(2) The amendment made by
this section does not apply in respect of a year of the term of a licence that
commenced before the date of commencement of this Act.
Fees
and penalties debts due to the Commonwealth
5. Section 7 of the
Principal Act is amended by adding at the end thereof the following
sub-section:
“(2) Fees and other amounts
referred to in sub-section (1) received by the Designated Authority shall be
received by him on behalf of the Commonwealth.”.