Northern Territory Numbered Acts Northern Territory Numbered Acts(1) A licensee or permittee must lodge a royalty return with the Commissioner of Territory Revenue within 30 days after the end of a royalty year for the licensee or permittee.
(2) A licensee or permittee must also lodge a royalty return with the Commissioner of Territory Revenue 30 days after the day:
(a) the licensee or permittee ends petroleum production during an extended or permanent shutdown of its operations in a project area; or
(b) there is a change in ownership of the licence or exploration permit.
(3) On application, the Commissioner of Territory Revenue may waive the requirement to lodge a royalty return under subsection (2) if:
(a) the requirement is triggered by a change in ownership of the licence or exploration permit; and
(b) the change does not interrupt the operation of the project area or the accounts relating to petroleum production.
(4) A royalty return must be in the approved form.
(5) If there is more than one licensee or permittee for a project area:
(a) a single royalty return must be lodged for the project area; and
(b) the licensees or permittees may authorise a person to lodge the royalty return.
(6) The lodgement of a single royalty return for a project area does not affect the joint and several liability of each licensee or permittee for the project area to pay royalty for the petroleum production from the project area.