Victorian Current Acts Victorian Current Acts(1) A registered holder of an applicable greenhouse gas title must pay to the Minister a fee calculated in accordance with the regulations in respect of each year of the term of the applicable greenhouse gas title held by the registered holder.
(2) The fee for the first year of the term of an applicable greenhouse gas title is due and payable at the end of 30 days after the day on which the term of title begins (the first payment day ).
(3) The fee for a later year of the term of the applicable greenhouse gas title is due and payable at the end of 30 days after the anniversary of the day on which the first year of the term of the title begins.
(4) In this section—
"applicable greenhouse gas title" means—
(a) a work-bid greenhouse gas assessment permit; or
(b) a greenhouse gas holding lease; or
(c) a greenhouse gas injection licence.
Division 3—Royalties for petroleum