Victorian Consolidated Regulations

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE REGULATIONS 2021 - REG 341

For the purposes of section 686(1) of the Act, the fee for a production licence for a year of the term of the licence is—

        (a)     in the case of a fee for a year beginning before 1 July 2025, 5390 fee units for each block to which the licence relates at the beginning of the year; or

        (b)     in the case of a year beginning on or after 1 July 2025, 7178 fee units for each block to which the licence relates at the beginning of the year.

Reg. 342 substituted by S.R. No. 65/2024 reg. 7.