Queensland Consolidated Regulations

WATER REGULATION 2016 - REG 91

91 Requirements for notice of annual levy

(1) This section applies if the annual levy payable by a resource tenure holder for a financial year is more than nil.

(2) The manager must give the resource tenure holder a notice about the annual levy payable by the holder for the financial year.

(3) The manager may give a notice to a resource tenure holder on a quarterly basis or at an interval decided by the manager (the
"levy period" ).

(4) The notice must state the following—

(a) the number of—

(i) for a petroleum tenure holder—each class of relevant sub-blocks to which the notice applies; or

(ii) for a mining tenure holder—each class of mining tenure to which the notice applies;

(b) the financial year to which the notice applies;

(c) the levy period to which the notice applies;

(d) the amount of the annual levy payable by the resource tenure holder for the levy period (
"levy amount" );

(e) that the levy amount becomes payable on the day the notice is given;

(f) the day by which the levy amount must be paid (the
"due date" );

(g) the way in which the levy amount must be paid;

(h) that if the levy amount is not paid by the due date, the State may, under section 479A of the Act , recover from the holder the amount as a debt.