sec.479Annual levy for underground water management

### sec.479 Annual levy for underground water management The performance of the office’s functions are to be funded by an annual levy payable by each resource tenure holder. The levy must be worked out in the way prescribed under a regulation. The way the levy is worked out must be transparent and likely to be readily understood by resource tenure holders. The levy must be— based on the amount needed to recover the estimated costs to the office of performing its functions under chapter 3 in a financial year; and apportioned, where practicable, between resource tenure holders or classes of holders according to the cost to the office of performing functions specific to the holders or class of holders. For subsection (4) (a) , the office’s estimated costs must be— prepared by the office; and approved by the Minister. When preparing the office’s estimated costs, the office may consult with a relevant advisory body. The office must give notice about the levy, and any changes to the levy, to each resource tenure holder. If a person (the first person ) who is a resource tenure holder has nominated or specified another person (the nominated person ) for service under a relevant provision, the notice is taken to have been given to the first person if it is given to the nominated person. In this section— relevant provision means— for a resource tenure holder who is the holder of a mineral development licence—the Mineral Resources Act , section 183 (1) (c) ; or for a resource tenure holder who is the holder of a mining lease—the Mineral Resources Act , section 245 (1) (c) ; or for a resource tenure holder who is the holder of a 1923 Act petroleum tenure under the Petroleum Act 1923 —the Petroleum Act 1923 , section 129 ; or for a resource tenure holder who is the holder of a petroleum tenure under the Petroleum and Gas Act —the Petroleum and Gas Act , section 852 . s 479 ins 2012 No. 39 s 70 amd 2014 No. 64 s 135 (sec.479-ssec.1) The performance of the office’s functions are to be funded by an annual levy payable by each resource tenure holder. (sec.479-ssec.2) The levy must be worked out in the way prescribed under a regulation. (sec.479-ssec.3) The way the levy is worked out must be transparent and likely to be readily understood by resource tenure holders. (sec.479-ssec.4) The levy must be— based on the amount needed to recover the estimated costs to the office of performing its functions under chapter 3 in a financial year; and apportioned, where practicable, between resource tenure holders or classes of holders according to the cost to the office of performing functions specific to the holders or class of holders. (sec.479-ssec.5) For subsection (4) (a) , the office’s estimated costs must be— prepared by the office; and approved by the Minister. (sec.479-ssec.6) When preparing the office’s estimated costs, the office may consult with a relevant advisory body. (sec.479-ssec.7) The office must give notice about the levy, and any changes to the levy, to each resource tenure holder. (sec.479-ssec.8) If a person (the first person ) who is a resource tenure holder has nominated or specified another person (the nominated person ) for service under a relevant provision, the notice is taken to have been given to the first person if it is given to the nominated person. (sec.479-ssec.9) In this section— relevant provision means— for a resource tenure holder who is the holder of a mineral development licence—the Mineral Resources Act , section 183 (1) (c) ; or for a resource tenure holder who is the holder of a mining lease—the Mineral Resources Act , section 245 (1) (c) ; or for a resource tenure holder who is the holder of a 1923 Act petroleum tenure under the Petroleum Act 1923 —the Petroleum Act 1923 , section 129 ; or for a resource tenure holder who is the holder of a petroleum tenure under the Petroleum and Gas Act —the Petroleum and Gas Act , section 852 . - (a) based on the amount needed to recover the estimated costs to the office of performing its functions under chapter 3 in a financial year; and - (b) apportioned, where practicable, between resource tenure holders or classes of holders according to the cost to the office of performing functions specific to the holders or class of holders. - (a) prepared by the office; and - (b) approved by the Minister. - (a) for a resource tenure holder who is the holder of a mineral development licence—the Mineral Resources Act , section 183 (1) (c) ; or - (b) for a resource tenure holder who is the holder of a mining lease—the Mineral Resources Act , section 245 (1) (c) ; or - (c) for a resource tenure holder who is the holder of a 1923 Act petroleum tenure under the Petroleum Act 1923 —the Petroleum Act 1923 , section 129 ; or - (d) for a resource tenure holder who is the holder of a petroleum tenure under the Petroleum and Gas Act —the Petroleum and Gas Act , section 852 .