Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 547

True consideration to be shown

    (1)     A person to whom this section applies must not give the Minister a specified instrument that contains a statement that the person knows is false or misleading in a material particular in relation to—

        (a)     the consideration for the transfer or dealing; or

        (b)     any other fact or circumstance affecting the amount of a fee determined under section 557 or 558 in relation to the transfer or dealing.

Penalty:     120 penalty units.

    (2)         This section applies to a person who is a party to—

        (a)     a transfer of a title; or

        (b)     a dealing to which Part 4.6 applies; or

        (c)     a dealing referred to in section 533(1).

    (3)     In this section—

"specified instrument "means an instrument of transfer, an instrument evidencing the dealing or a supplementary instrument;

supplementary instrument has the meaning given by section 524(3) or 534(3).



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