Commonwealth Numbered Acts

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PETROLEUM (SUBMERGED LANDS) AMENDMENT ACT 1980 No. 80, 1980 - SECT 48

Certain payments to be made by Commonwealth to States and Northern Territory
48. Section 129 of the Principal Act is amended-

   (a)  by inserting after sub-section (1) the following sub-section:



"(1A) The Commonwealth shall, in accordance with arrangements approved by the
Minister, pay to each State amounts equal to all moneys, other than royalties,
payable to the Designated Authority, on behalf of the Commonwealth, under Part
III in relation to the adjacent area in respect of the State.";

   (b)  by omitting from sub-section (2) "the last preceding sub-section" and
        substituting "sub-section (1) of this section"; and

   (c)  by inserting after sub-section (2) the following sub-section:



"(2A) In this section, a reference to a State shall be read as including a
reference to the Northern Territory.". 


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