Queensland Consolidated Acts

PETROLEUM ACT 1923 - SECT 74W

74W Civil penalty for nonpayment of annual rent

(1) If the holder does not pay the annual rent as required under section 46 or 74N , the holder must also pay the State a civil penalty.

(2) The amount of the penalty is 15% of the rent.

(3) The penalty—

(a) must be paid on the day after the last day for payment of the rent; and

(b) is still payable even if the holder later pays the rent.