Offshore Petroleum and Greenhouse Gas Storage Act 2010
689Fees for greenhouse gas titles
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689 Fees for greenhouse gas titles
(1) A registered holder of an applicable greenhouse gas title must pay to the Minister a fee calculated in accordance with the regulations in respect of each year of the term of the applicable greenhouse gas title held by the registered holder.
(2) The fee for the first year of the term of an applicable greenhouse gas title is due and payable at the end of 30 days after the day on which the term of title begins (the first payment day).
(3) The fee for a later year of the term of the applicable greenhouse gas title is due and payable at the end of 30 days after the anniversary of the day on which the first year of the term of the title begins.
applicable greenhouse gas title means—
(a) a work-bid greenhouse gas assessment permit; or
(c) a greenhouse gas injection licence.
Division 3—Royalties for petroleum