CTHRepealedAct
Petroleum (Submerged Lands) (Royalty) Act 1967
9Ascertainment of value
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9 Ascertainment of value
For the purposes of this Act, the value at the well‑head of any petroleum is such amount as is agreed between the permittee, lessee or licensee and the Designated Authority, or, in default of agreement within such period as the Designated Authority allows, is such amount as is determined by the Designated Authority as being that value.