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Section 149 - Petroleum Act 1998 - Liability for, and rate of, royalty — Zoe

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Petroleum Act 1998

149Liability for, and rate of, royalty

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149 Liability for, and rate of, royalty (1) The holder of a production licence must pay to the Minister a royalty in respect of all petroleum extracted or recovered from any well within the licence area. (2) A royalty is only payable once under this Act in respect of any petroleum.

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