Commonwealth Numbered Acts

PETROLEUM (SUBMERGED LANDS) FEES ACT 1994 No. 81, 1994 - SECT 4

4.(1) The holder of:

   (a)  an exploration permit (other than one granted under section 22B of the
        Petroleum (Submerged Lands) Act 1967); or

   (b)  a retention lease; or

   (c)  a production licence; or

   (d)  a pipeline licence; must pay a fee in respect of each year of the term
        of the permit, lease or licence.

(2) The fee:

   (a)  is payable to the Designated Authority; and

   (b)  is to be calculated in accordance with the regulations.

(3) The fee for the first year of the term of the permit, lease or licence is
payable within one month after the day on which the term commences.

(4) The fee for a subsequent year of the term of the permit, lease or licence
is payable within one month after the anniversary of the day on which the
first year of the term commences.

(5) A fee is not payable under this Act for a year of the term of the permit,
lease or licence if a fee is payable for that year of the term under:

   (a)  the Petroleum (Submerged Lands) (Exploration Permit Fees) Act 1967; or

   (b)  the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985; or

   (c)  the Petroleum (Submerged Lands) (Production Licence Fees) Act 1967; or

   (d)  the Petroleum (Submerged Lands) (Pipeline Licence Fees) Act 1967.