Statutory Rules
1990 No. 591
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Petroleum
(Submerged Lands) (Retention Lease Fees) Regulations
I,
THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice
of the Federal Executive Council and pursuant to section 4 of the Acts Interpretation Act 1901,hereby make the following Regulations
under the Petroleum (Submerged Lands)
(Retention Lease Fees) Act 1985.
Dated
19 February 1990.
BILL HAYDEN
Governor-General
By His Excellency’s Command,
PETER COOK
Minister
of State for Resources
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Citation
1. These Regulations may be
cited as the Petroleum (Submerged Lands) (Retention Lease Fees) Regulations.
Interpretation
2. In these Regulations,
unless the contrary intention appears:
“the Act” means the Petroleum (Submerged Lands) (Retention Lease
Fees) Act 1985.
Fees—subsection 4 (1) of
the Act
3. For the purposes of
subsection 4 (1) of the Act, the fee payable shall be calculated at the rate of
$6,000 for each block to which the lease relates at the commencement of the
year.
NOTE
1.
Notified in the Commonwealth of Australia
Gazette