36Calculation of annual rental fee

36 Calculation of annual rental fee

36 Calculation of annual rental fee

(Former clause 22A of 2007 Reg)

(1) An annual rental fee specified in Schedule 1 as per block, per hectare, per square kilometre or per unit is to be calculated on the basis of the annual rental fee area.

(2) The annual rental fee area is the number of blocks, hectares, square kilometres or units of land comprised in the annual rental fee area for the petroleum title for which the annual rental fee is payable, as specified in the record kept by the Secretary under the Act.

(3) If the annual rental fee area includes a part of a unit or block, that part is to be disregarded.

(4) If the annual rental fee area includes a part of a hectare, or square kilometre, that part is to be included in the calculation.

(5) If there is no annual rental fee area for a petroleum title for which an annual rental fee is payable, the annual rental fee is to be calculated as if the description of the land over which the petroleum title is in force, as specified in the record of the petroleum title kept by the Secretary under the Act, were the annual rental fee area.

(6) To avoid doubt, subclause (5) continues to apply until an annual rental fee area is determined for the petroleum title under this Division and specified in the record kept by the Secretary under the Act.