Commonwealth legislation

Offshore Minerals (Exploration Licence Fees) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

49 of 1994

Collection

legislative instrument

Plain English Summary

1/10 complexity

These regulations set the annual fees that mining companies must pay to keep an exploration licence for minerals in Australian offshore waters.

How the fee works Each year, the licence holder pays the higher of these two amounts:

$600 (a flat fee), or
$20 multiplied by the number of "blocks" (specific mapped areas of seabed) covered by the licence

Quick example:

If you hold 10 blocks: you pay $600 (because $600 is more than $200)
If you hold 40 blocks: you pay $800 (because $800 is more than $600)

Who this affects Resource companies exploring for minerals in Australia's offshore territories.

Why it exists It puts a price on holding exclusive rights to explore offshore areas, ensuring companies pay for the privilege of locking up those zones.

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Current sections

Direct links to the current provisions in Offshore Minerals (Exploration Licence Fees) Regulations.

Offshore Minerals (Exploration Licence Fees) Regulations

Statutory Rules 1994 No. 491

__________________

Offshore Minerals (Exploration Licence Fees) Regulations

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Offshore Minerals (Exploration Licence Fees) Act 1981.

Dated 4 March 1994.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

D. BEDDALL

Minister for Resources

__________________

Citation

These Regulations may be cited as the Offshore Minerals (Exploration Licence Fees) Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48]

Interpretation

In these Regulations, unless the contrary intention appears:

“the Act” means the Offshore Minerals (Exploration Licence Fees) Act 1981.

Amount of exploration licence fee

For the purposes of subsection 4 (1) of the Act, the amount of an exploration licence fee for a year of the term of the licence is:

(a) $600; or

(b) $20 for each block covered by the licence;

whichever is the greater at the beginning of that year.

_________________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 11 March 1994.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Offshore Minerals (Exploration Licence Fees) Regulations

Statutory Rules 1994 No. 491

__________________

Offshore Minerals (Exploration Licence Fees) Regulations

Dated 4 March 1994.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

D. BEDDALL

Minister for Resources

__________________

Citation

These Regulations may be cited as the Offshore Minerals (Exploration Licence Fees) Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48]

Interpretation

In these Regulations, unless the contrary intention appears:

“the Act” means the Offshore Minerals (Exploration Licence Fees) Act 1981.

Amount of exploration licence fee

For the purposes of subsection 4 (1) of the Act, the amount of an exploration licence fee for a year of the term of the licence is:

(a) $600; or

(b) $20 for each block covered by the licence;

whichever is the greater at the beginning of that year.

_________________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 11 March 1994.