Revenue Legislation Amendment Regulation (No. 1) 2014 (Qld)

Queensland Revenue Legislation Amendment Regulation (No. 1) 2014 Subordinate Legislation 2014 No. 123 made under the Duties Act 2001 First Home Owner Grant Act 2000 Land Tax Act 2010 Mineral Resources Act 1989 Petroleum and Gas (Production and Safety) Act 2004 State Penalties Enforcement Act 1999 Contents Part 1 1 2 Part 2 3 4 5 Part 3 6 7 Part 4 8 9 Page Preliminary Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Amendment of Duties Regulation 2013 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Amendment of s 7 (Fee for instrument lodged on which duty is not imposed). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Amendment of sch 4 (Fee payable for administrative function) . . 4 Amendment of First Home Owner Grant Regulation 2010 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Insertion of new s 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 7 Prescribed completion requirement—Act, schedule, definition completed . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Amendment of Land Tax Regulation 2010 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Amendment of s 3 (Application for clearance certificate) . . . . . . . 5

Revenue Legislation Amendment Regulation (No. 1) 2014 Contents Part 5 10 11 12 13 14 15 16 17 18 19 20 Part 6 21 22 23 24 25 26 27 28 29 30 Part 7 31 32 33 34 Page 2 Amendment of Mineral Resources Regulation 2013 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Amendment of s 38 (No royalty return required in particular circumstances) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Amendment of s 40 (When and how royalty payable—quarterly return period) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Amendment of s 42 (Working out monthly payments for quarterly return period generally). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Amendment of s 47 (Particular royalties payable on adjustment basis) 7 Amendment of s 71 (Minister must reassess royalty payable) . . . 7 Omission of ss 72 and 73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Omission of ch 3, pt 6 (Assessment of royalty payable) . . . . . . . . 7 Amendment of s 77 (Imposition—Act, s 321A) . . . . . . . . . . . . . . 8 Amendment of s 79 (Civil penalty not payable if proceeding for offence started) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Amendment of sch 5 (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Amendment of Petroleum and Gas (Production and Safety) Regulation 2004 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Amendment of s 147 (When and how petroleum royalty payable—royalty return period) . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Amendment of s 147A (Working out monthly payments for petroleum royalty generally) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Amendment of s 148 (Working out wellhead value of petroleum) 9 Amendment of s 148B (Application of sdiv 2) . . . . . . . . . . . . . . . 10 Amendment of s 148H (Minister’s power to amend petroleum royalty decision) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Amendment of s 149 (Information to be contained in royalty return) 10 Amendment of s 149E (Imposition of civil penalty—Act, s 604A) 10 Amendment of s 149G (Civil penalty not payable if proceeding for offence started) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Amendment of sch 9 (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Amendment of State Penalties Enforcement Regulation2000 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Insertion of new s 23B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 23B Delegation of prescribed functions . . . . . . . . . . . . . . . 12 Amendment of s 26A (Warrant issue fee). . . . . . . . . . . . . . . . . . . 12 Amendment of s 27 (Civil enforcement fee) . . . . . . . . . . . . . . . . . 12 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Contents 35 Amendment of s 27A (Cut-out rate) . . . . . . . . . . . . . . . . . . . . . . . 12 36 Amendment of s 29 (Registration fee) . . . . . . . . . . . . . . . . . . . . . 13 2014 SL No. 123 Page 3

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 1 Preliminary [s 1] Part 1 Preliminary 1 Short title This regulation may be cited as the Revenue Legislation Amendment Regulation (No. 1) 2014 . 2 Commencement This regulation commences on 1 July 2014. Part 2 Amendment of Duties Regulation 2013 3 Regulation amended This part amends the Duties Regulation 2013 . 4 Amendment of s 7 (Fee for instrument lodged on which duty is not imposed) Section 7, ‘$34.15’— omit , insert — $35.30 5 Amendment of sch 4 (Fee payable for administrative function) (1) Schedule 4, paragraph (a), ‘4.50’— omit , insert — 4.65 (2) Schedule 4, paragraph (b), ‘1.40’— omit , insert — Page 4 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 3 Amendment of First Home Owner Grant Regulation 2010 [s 6] 1.45 Part 3 Amendment of First Home Owner Grant Regulation 2010 6 Regulation amended This part amends the FirstHomeOwnerGrantRegulation2010 . 7 Insertion of new s 7 After section 6— insert — 7 Prescribed completion requirement—Act, schedule, definition completed For the schedule to the Act, definition completed , paragraphs (b) and (c), it is a prescribed completion requirement that a final inspection certificate under the Building Act 1975 has been issued for the building. Part 4 Amendment of Land Tax Regulation 2010 8 Regulation amended This part amends the Land Tax Regulation 2010 . 9 Amendment of s 3 (Application for clearance certificate) (1) Section 3(2)(a), ‘$28.65’— 2014 SL No. 123 Page 5

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 5 Amendment of Mineral Resources Regulation 2013 [s 10] omit , insert — $29.65 (2) Section 3(2)(b), ‘$35.50’— omit , insert — $36.70 Part 5 Amendment of Mineral Resources Regulation 2013 10 Regulation amended This part amends the Mineral Resources Regulation 2013. 11 Amendment of s 38 (No royalty return required in particular circumstances) Section 38(2)(a), ‘section 327(1)(d)’— omit, insert— section 333Z 12 Amendment of s 40 (When and how royalty payable—quarterly return period) Section 40(3), note— omit, insert— Note — Section 332AA of the Act provides for a refund if the amount of royalty liability paid for a return period is more than the amount of royalty liability assessed by the Minister as being payable under section 331A of the Act. Page 6 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 5 Amendment of Mineral Resources Regulation 2013 [s 13] 13 Amendment of s 42 (Working out monthly payments for quarterly return period generally) (1) Section 42(2)(a) and (b), from ‘any determination’ to ‘section 331’— omit, insert— any assessment under section 331A of the Act, and any reassessment under section 331B (2) Section 42(2), example, ‘section 331’— omit, insert— section 331B 14 Amendment of s 47 (Particular royalties payable on adjustment basis) Section 47(4), ‘either of the ways mentioned in section 75(2)’— omit, insert— the way mentioned in the Act, section 332AA(2) 15 Amendment of s 71 (Minister must reassess royalty payable) Section 71, ‘section 331’— omit, insert— section 331B 16 Omission of ss 72 and 73 Sections 72 and 73— omit. 17 Omission of ch 3, pt 6 (Assessment of royalty payable) Chapter 3, part 6— omit. 2014 SL No. 123 Page 7

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 5 Amendment of Mineral Resources Regulation 2013 [s 18] 18 Amendment of s 77 (Imposition—Act, s 321A) (1) Section 77(5)(a) and (b)— omit, insert — (a) an assessment is made under the Act, section 331A; or (b) a reassessment is made under the Act, section 331B. (2) Section 77(6)(a), ‘determination’— omit, insert— assessment 19 Amendment of s 79 (Civil penalty not payable if proceeding for offence started) Section 79(1)(b), example— omit, insert— Example of an act or omission constituting an offence — giving false or misleading information in contravention of the Act, section 333D 20 Amendment of sch 5 (Fees) Schedule 5, part 7, items 1 and 2,‘164.55’— omit, insert— 170.30 Page 8 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 6 Amendment of Petroleum and Gas (Production and Safety) Regulation 2004 [s 21] Part 6 Amendment of Petroleum and Gas (Production and Safety) Regulation 2004 21 Regulation amended This part amends the Petroleum and Gas (Production and Safety) Regulation 2004. 22 Amendment of s 147 (When and how petroleum royalty payable—royalty return period) (1) Section 147(3)(c), from ‘or before’— omit, insert — the day a royalty return must be lodged for the royalty return period. (2) Section 147(5), from ‘or before’— omit, insert— the day a royalty return must be lodged for the royalty return period. 23 Amendment of s 147A (Working out monthly payments for petroleum royalty generally) Section 147A(4), from ‘disregarding’— omit, insert— disregarding any assessment under section 599B of the Act, and any reassessment under section 599C of the Act, for the royalty. 24 Amendment of s 148 (Working out wellhead value of petroleum) Section 148(3)(e), ‘penalty,’— omit, insert— 2014 SL No. 123 Page 9

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 6 Amendment of Petroleum and Gas (Production and Safety) Regulation 2004 [s 25] penalty or royalty penalty amount, 25 Amendment of s 148B (Application of sdiv 2) Section 148B(1)(a)(i), ‘assesses’— omit, insert— determines 26 Amendment of s 148H (Minister’s power to amend petroleum royalty decision) Section 148H— insert— (2) If the Minister decides to amend the petroleum royalty decision, whether on the Minister’s own initiative or on application by a petroleum producer, the Minister must reassess the petroleum royalty payable for each royalty return period or annual return period to which the amendment applies. 27 Amendment of s 149 (Information to be contained in royalty return) Section 149(1), ‘section 594(2)’— omit, insert— section 594(1) 28 Amendment of s 149E (Imposition of civil penalty—Act, s 604A) Section 149E(5) and (6)— omit, insert— (5) Subsection (6) applies if, for the petroleum royalty payable for the current royalty return period— Page 10 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 7 Amendment of State Penalties Enforcement Regulation 2000 [s 29] (a) an assessment is made under the Act, section 599B; or (b) a reassessment is made under the Act, section 599C. (6) For subsection (1), the petroleum royalty payable for the current royalty return period is the amount of petroleum royalty payable taking into account the assessment or reassessment. 29 Amendment of s 149G (Civil penalty not payable if proceeding for offence started) Section 149G(1)(b), example— omit, insert— Example of an act or omission constituting an offence — giving false or misleading information in contravention of the Act, section 607 30 Amendment of sch 9 (Fees) Schedule 9, part 7, item 1, ‘164.55’— omit , insert— 170.30 Part 7 Amendment of State Penalties Enforcement Regulation 2000 31 Regulation amended This part amends the State Penalties Enforcement Regulation2000 . 2014 SL No. 123 Page 11

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 7 Amendment of State Penalties Enforcement Regulation 2000 [s 32] 32 Insertion of new s 23B Part 6 — insert— 23B Delegation of prescribed functions For section 10C(3) of the Act, the registrar may delegate the following functions and powers to a service contractor — (a) the powers and functions of the registrar under section 24 of the Act; (b) the powers and functions of the registrar under section 42 of the Act. 33 Amendment of s 26A (Warrant issue fee) Section 26A, ‘$98.50’— omit , insert — $101.90 34 Amendment of s 27 (Civil enforcement fee) Section 27, ‘$98.50’— omit , insert — $101.90 35 Amendment of s 27A (Cut-out rate) (1) Section 27A(1), ‘$110’— omit , insert — $113.85 (2) Section 27A(2), ‘$22’— omit , insert — $22.77 Page 12 2014 SL No. 123

Revenue Legislation Amendment Regulation (No. 1) 2014 Part 7 Amendment of State Penalties Enforcement Regulation 2000 [s 36] 36 Amendment of s 29 (Registration fee) Section 29, ‘$58.85’— omit , insert — $60.90 ENDNOTES 1 Made by the Governor in Council on 26 June 2014. 2 Notified on the Queensland legislation website on 27 June 2014. 3 The administering agency is the Queensland Treasury and Trade. © State of Queensland 2014 Authorised by the Parliamentary Counsel 2014 SL No. 123 Page 13