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This is a Bill, not an Act. For current law, see the Acts databases.


OFFSHORE RESOURCES LEGISLATION AMENDMENT (PERSONAL PROPERTY SECURITIES) BILL 2011

2010-2011
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Offshore Resources Legislation
Amendment (Personal Property
Securities) Bill 2011
No. , 2011
(Resources and Energy)
A Bill for an Act to amend legislation relating to
offshore resources, and for other purposes
i Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011 No.
, 2011
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
2
Schedule 1--Amendments
3
Offshore Minerals Act 1994
3
Offshore Petroleum and Greenhouse Gas Storage Act 2006
3
Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011 No. ,
2011 1
A Bill for an Act to amend legislation relating to
1
offshore resources, and for other purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act may be cited as the Offshore Resources Legislation
5
Amendment (Personal Property Securities) Act 2011.
6
2 Commencement
7
(1) Each provision of this Act specified in column 1 of the table
8
commences, or is taken to have commenced, in accordance with
9
column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
12
2 Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011
No. , 2011
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Schedule 1
The later of:
(a) the start of the day after this Act receives
the Royal Assent; and
(b) the registration commencement time
within the meaning of the Personal
Property Securities Act 2009.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
3
(2) Any information in column 3 of the table is not part of this Act.
4
Information may be inserted in this column, or information in it
5
may be edited, in any published version of this Act.
6
3 Schedule(s)
7
Each Act that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
12
Amendments Schedule 1
Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011 No. ,
2011 3
Schedule 1--Amendments
1
2
Offshore Minerals Act 1994
3
1 After section 439
4
Insert:
5
439A Licences, and interests in licences etc., are not personal
6
property for the purposes of the Personal Property
7
Securities Act 2009
8
Each of the following is declared not to be personal property for
9
the purposes of the Personal Property Securities Act 2009:
10
(a)
a
licence;
11
(b) an interest or right in, or in relation to, a licence.
12
Note:
See paragraph 8(1)(k) of the Personal Property Securities Act 2009.
13
Offshore Petroleum and Greenhouse Gas Storage Act 2006
14
2 After Part 9.10A
15
Insert:
16
Part 9.10B--Personal property securities
17
18
780H Titles, and interests etc. in titles, are not personal property for
19
the purposes of the Personal Property Securities Act 2009
20
Each of the following is declared not to be personal property for
21
the purposes of the Personal Property Securities Act 2009:
22
(a) a petroleum exploration permit;
23
(b) a petroleum retention lease;
24
(c) a petroleum production licence;
25
(d) an infrastructure licence;
26
(e) a pipeline licence;
27
(f) a petroleum special prospecting authority;
28
(g) a petroleum access authority;
29
Schedule 1 Amendments
4 Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011
No. , 2011
(h) a greenhouse gas assessment permit;
1
(i) a greenhouse gas holding lease;
2
(j) a greenhouse gas injection licence;
3
(k) a greenhouse gas search authority;
4
(l) a greenhouse gas special authority;
5
(m) an interest, right, determination or option referred to in
6
item 1, 2, 3, 4, 5, 6 or 7 of the table in section 486;
7
(n) an interest, right, determination or option referred to in
8
item 1, 2, 3, 4, 5 or 6 of the table in section 537;
9
(o) any other interest or right in, or in relation to, a permit, lease,
10
licence or authority covered by paragraph (a), (b), (c), (d),
11
(e), (f), (g), (h), (i), (j), (k) or (l) of this section.
12
Note:
See paragraph 8(1)(k) of the Personal Property Securities Act 2009.
13

 


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