Offshore Petroleum and Greenhouse Gas Storage Act 2010
686Fees for petroleum production licences
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686 Fees for petroleum production licences
(1) A petroleum production licensee must pay to the Minister a fee calculated in accordance with the regulations in respect of each year of the term of a petroleum production licence held by the licensee.
(2) The fee in respect of the first year of the term of a petroleum production licence is due and payable on the day the term of the licence begins (the first payment day).
(3) The fee in respect of a later year of the term of a petroleum production licence is due and payable on the day falling on the anniversary of the first payment day in the remaining years of the term of the licence.
S. 686A inserted by No. 16/2018 s. 32.