Northern Territory Numbered Regulations

ENERGY PIPELINES AMENDMENT (FEES) REGULATIONS 2013 (NO 48 OF 2013) - REG 4

Regulation 7(1) and (2)

omit , insert

    (1)     The licence fee payable under section 30(1) of the Act is the greater of the following:

(a)     an amount equal to 467 revenue units;

(b)     an amount calculated in accordance with the formula:

A     =     B x C x D,

where:

A     is the fee payable in dollars; and

B     is the prescribed unit amount; and

C     is the average internal diameter of the pipeline expressed in metres; and

D     is the length of the pipeline expressed in metres.

    (1A)     For subregulation (1)(b), the prescribed unit amount is $0.90.

    (2)     However, if the licence fee is payable in respect of a period any part of which is after 30 June 2000, the prescribed unit amount is increased by 10%, on and from 1 July 2000, in respect of the licence fee payable for the part after 30 June 2000.