48Refunds (of royalty paid) and rebates (against royalty payable)

48 Refunds (of royalty paid) and rebates (against royalty payable)

48 Refunds (of royalty paid) and rebates (against royalty payable)

(Former clause 24AB (13) and (14) of 2007 Reg)

(1) A refund or rebate does not apply in relation to any period where the obligation to pay royalty arose because gas was beneficially produced during the exploration phase in relation to the title, in accordance with section 28B (Right to beneficial use of gas yielded through prospecting) of the Act and clause 16.

(2) To avoid doubt, no refund or rebate is payable in relation to any interest earned on any contribution to an authorised fund.