(1) In this section
—
levy period means a period that, immediately
before commencement day, is prescribed under the
Petroleum and Geothermal Energy Safety Levies Act 2011 as a levy period.
(2) The
Petroleum and Geothermal Energy Safety Levies Act 2011 continues to apply in
relation to levy periods ending before commencement day.
(3) If a levy period
commences, but does not end, before commencement day, for the purposes of
subsection (2), the levy period is taken to end on the day before commencement
day.