94CFees payable in respect of petroleum title

#### 94C Fees payable in respect of petroleum title 94C Fees payable in respect of petroleum title > > (1) The following fees are payable under this Part to the Secretary, on behalf of the Crown, for the privilege of being the holder of a petroleum title— > > > > > (a) a title fee, > > > > > (b) an annual rental fee, > > > > > (c) an administrative levy. > > > (2) The fees are payable in addition to any royalty payable under Part 7 and any other fees payable under this Act. > > > (3) The holder of a petroleum title must not fail to pay any annual rental fee or administrative levy payable under this Part for the petroleum title. > > > > Maximum penalty— > > > > > (a) in the case of a corporation—100 penalty units, or > > > > > (b) in the case of a natural person—50 penalty units. > > **s 94C:** Ins 2012 No 46, Sch 6.1 \[12\]. Am 2015 No 40, Sch 2 \[37\].