Petroleum (Submerged Lands) (Registration Fees) Amendment Act 1980 (Cth)

Petroleum (Submerged Lands) (Registration Fees) Amendment Act 1980

No. 82 of 1980

An Act to amend the Petroleum (Submerged Lands) (Registration 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) (Registration Fees) Amendment Act 1980.

(2) The Petroleum (Submerged Lands) (Registration 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.

Imposition of registration fees

3. (1) Section 4 of the Principal Act is amended—

(a) by omitting from sub-section (2) “One hundred dollars” (twice occurring) and substituting “$300”;

(b) by inserting in sub-section (3) “with the approval of the Joint Authority” after “Designated Authority”;

(c) by omitting from sub-sections (4) and (5) “One thousand dollars” (wherever occurring) and substituting “$3,000”;

(d) by omitting from sub-section (6) “Designated Authority” (wherever occurring) and substituting “Joint Authority”;

(e) by omitting from sub-section (6) “to him” (twice occurring); and

(f) adding at the end thereof the following sub-section:

“(7) Moneys received by the Designated Authority as fees payable under this Act shall be received by the Designated Authority on behalf of the Commonwealth.”.

(2) The amendments made by paragraphs (a) and (c) of sub-section (1) do not apply in respect of a memorandum of transfer in respect of which an application for approval was made before the date of commencement of this Act or a memorandum of approval of an instrument where the application for approval of the instrument was made before that date.