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Section 52 - Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2022 - Amount of levy | Zoe

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Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2022

52Amount of levy

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Turn the raw legal text into a practical explanation grounded in Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Regulations 2022.

For the purposes of subsection 10B(4) of the Regulatory Levies Act, the amount of annual well levy for each eligible well is $6,220.

Previous section51Abandoned wells—prescribed regulations

Next section53When levy becomes due and payable