1Offshore 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

1. 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

2. In these Regulations, unless the contrary intention appears:

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

Amount of exploration licence fee

3. 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.