Offshore Minerals (Retention Licence Fees) Regulations 2018
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Commonwealth Coat of Arms of Australia
Offshore Minerals (Retention Licence Fees) Regulations 2018
I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.
Dated 30 August 2018
Peter Cosgrove
Governor‑General
By His Excellency’s Command
Matt Canavan
Minister for Resources and Northern Australia
Contents
1 Name
2 Commencement
3 Authority
4 Schedules
5 Definitions
6 Amount of retention licence fee
Schedule 1—Repeals
Offshore Minerals (Retention Licence Fees) Regulations
1 Name
This instrument is the Offshore Minerals (Retention Licence Fees) Regulations 2018.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
- Commencement information
- Column 1 Column 2 Column 3
- Provisions Commencement Date/Details
-
- The whole of this instrument The day after this instrument is registered. 1 September 2018
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the Offshore Minerals (Retention Licence Fees) Act 1994.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
5 Definitions
In this instrument:
Act means the Offshore Minerals (Retention Licence Fees) Act 1994.
6 Amount of retention licence fee
For the purposes of subsection 4(2) of the Act, the amount of the fee for a year of the term of a retention licence is the amount obtained by multiplying $200 by the number of blocks covered by the licence at the beginning of the year.
Schedule 1—Repeals
Offshore Minerals (Retention Licence Fees) Regulations
1 The whole of the instrument
Repeal the instrument.