Commonwealth Consolidated Regulations

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (REGULATORY LEVIES) REGULATIONS 2022 - REG 59AA

Amount of levy

    For the purposes of subsection   10E(4) of the Regulatory Levies Act, the amount of annual titles administration levy imposed on an eligible title for:

  (a)   the year beginning on the day the eligible title comes into force; and

  (b)   each subsequent year beginning on the anniversary of that day;

is specified in, or worked out in accordance with, the following table.

 

Annual titles administration levy amounts

Item

Column 1

Column 2

 

Eligible title

Amount

1

work - bid petroleum exploration permit

$12,000

2

cash - bid petroleum exploration permit

$12,000

3

special petroleum exploration permit

$12,000

4

boundary - change petroleum exploration permit

$12,000

5

petroleum retention lease

the number of blocks that are the subject of the lease, multiplied by $24,500

6

petroleum production licence

the number of blocks that are the subject of the licence, multiplied by $24,500

7

infrastructure licence

$30,500

8

pipeline licence

$122 for each kilometre, or part of a kilometre, of the length of the pipeline covered by the licence

9

work - bid greenhouse gas assessment permit

$26,500

10

cross - boundary greenhouse gas assessment permit

$26,500

11

greenhouse gas holding lease

$106,000

12

greenhouse gas injection licence

$106,000

Note:   Section   695M of the OPGGS Act sets out when annual titles administration levy becomes due and payable.



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