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Offshore Petroleum (Royalty) Act 2006
5Imposition of royalty
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5 Imposition of royalty
The registered holder of: (a) a North West Shelf exploration permit; or (b) a North West Shelf retention lease; or (c) a North West Shelf production licence; is liable to pay a royalty on all petroleum recovered by the holder in the permit area, lease area or licence area in a royalty period beginning at or after the commencement of this section.
Note 1: For exemptions, see section 10.
Note 2: For collection of royalty, see Part 6.7 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.