1Petroleum (Submerged Lands) (Retention Lease Fees) Regulations

Commonwealth Coat of Arms of Australia

Statutory Rules 1990 No. 591

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Petroleum (Submerged Lands) (Retention Lease Fees) Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and pursuant to section 4 of the Acts Interpretation Act 1901, hereby make the following Regulations under the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985.

Dated 19 February 1990.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

PETER COOK

Minister of State for Resources

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Citation

1. These Regulations may be cited as the Petroleum (Submerged Lands) (Retention Lease Fees) Regulations.

Interpretation

2. In these Regulations, unless the contrary intention appears:

“the Act” means the Petroleum (Submerged Lands) (Retention Lease Fees) Act 1985.

Fees—subsection 4 (1) of the Act

3. For the purposes of subsection 4 (1) of the Act, the fee payable shall be calculated at the rate of $6,000 for each block to which the lease relates at the commencement of the year.

NOTE

1. Notified in the Commonwealth of Australia Gazette on 27 February 1990.