94KLiability for administrative levy

#### 94K Liability for administrative levy 94K Liability for administrative levy > > (1) The administrative levy payable under this Part for a petroleum title is an annual administrative levy. > > > (2) Liability for an administrative levy arises on the grant of a petroleum title and on each grant anniversary date that occurs during the term of a petroleum title. > > > (3) An administrative levy for which liability arises on the grant of a petroleum title must be paid, in advance, before the petroleum title is granted. > > > (4) A petroleum title must not be granted until the first administrative levy is paid. > > > (5) An administrative levy for which liability arises on a grant anniversary date must be paid within the period (of not less than 7 days) specified by the Secretary by notice in writing served on a person liable. > > **pt 7A, divs 3–5 (ss 94E–94M):** Ins 2012 No 46, Sch 6.1 \[12\].