Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985 (Cth)

Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985

Act No. 83 of 1985 as amended

[Note: This Act is repealed by Act No. 93 of 1994]

This compilation was prepared on 29 September 2000

taking into account amendments up to Act No. 93 of 1994

The text of any of those amendments not in force

on that date is appended in the Notes section

Prepared by the Office of Legislative Drafting,

Attorney‑General’s Department, Canberra

      

Contents

An Act to provide for the payment of fees in respect of retention leases under the Petroleum (Submerged Lands) Act 1967

1Short title [see Note 1]

 This Act may be cited as the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985.

2Commencement [see Note 1]

This Act shall come into operation on the day on which section 5 of the Petroleum (Submerged Lands) Amendment Act 1985 comes into operation.

3Incorporation

 The Petroleum (Submerged Lands) Act 1967 is incorporated and shall be read as one with this Act.

4Lease fees

•              (1) 

  There is payable to the Designated Authority by a lessee, in respect of each year of the term of the lease, a fee calculated in accordance with the regulations.

•              (2) 

  A fee referred to in subsection (1) is due and payable at the end of one month after:

  •                      (a) 

    in the case of the first year of the term of the lease—the day on which that term commenced; and

  •                      (b) 

    in the case of a year of the term of the lease other than the first—the anniversary of that day.

5Penalty for late payment

 If an amount of a fee referred to in section 4 remains unpaid after the time when it became due and payable, an additional amount is due and payable by way of penalty by the lessee to the Designated Authority at the rate of one‑third of 1% per day on the amount unpaid, computed from that time.

6Fees and penalties debts due to the Commonwealth

•              (1) 

  A fee under section 4 or an amount payable under section 5 is a debt due by the lessee to the Commonwealth and is recoverable in a court of competent jurisdiction.

•              (2) 

  Fees and other amounts referred to in subsection (1) received by the Designated Authority shall be received by the Designated Authority on behalf of the Commonwealth.

7Regulations

 The Governor‑General may make regulations for the purposes of section 4.

Notes to the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985

Note 1

The Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985 as shown in this compilation comprises Act No. 83, 1985 amended as indicated in the Tables below.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985	83, 1985	6 June 1985	2 Dec 1985 (see s. 2 and Gazette 1985, No. S506)
Primary Industries and Energy Legislation Amendment Act (No. 2) 1989	15, 1990	17 Jan 1990	S. 3: 1 Mar 1990 (see Gazette 1990, No. S52) (a)		—
Petroleum (Submerged Lands) Legislation Amendment Act 1994	93, 1994	29 June 1994	Part 4: 1 July 1994 Remainder: Royal Assent		—

(a) The Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985 was amended by section 3 only of the Primary Industries and Energy Legislation Amendment Act (No. 2) 1989, paragraph 2(2)(f) of which provides as follows:

•                  (2)  

  Subject to subsection (3), the amendments of:

  •                                (f)  

    the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985; and

  made by this Act commence on a day or days to be fixed by Proclamation.

Table of Amendments

ad. = added or inserted  am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
S. 4...........................................	am. No. 15, 1990
S. 7...........................................	ad. No. 15, 1990