sec.89Apportionment of office’s estimated petroleum costs to each relevant sub-block

sec.89 Apportionment of office’s estimated petroleum costs to each relevant sub-block

This section provides for the apportionment of the office’s estimated petroleum costs for a financial year to each relevant sub-block. The office must apportion the office’s estimated petroleum costs to each class of relevant sub-blocks according to the proportion of the office’s functions under the Act carried out in the financial year for the class of relevant sub-blocks. The office must apportion the amount worked out under subsection (2) for a class of relevant sub-blocks to each relevant sub-block in that class equally, according to the number of relevant sub-blocks of that class existing on the relevant date for the financial year. s 89 amd 2019 SL No. 242 s 9 (sec.89-ssec.1) This section provides for the apportionment of the office’s estimated petroleum costs for a financial year to each relevant sub-block. (sec.89-ssec.2) The office must apportion the office’s estimated petroleum costs to each class of relevant sub-blocks according to the proportion of the office’s functions under the Act carried out in the financial year for the class of relevant sub-blocks. (sec.89-ssec.3) The office must apportion the amount worked out under subsection (2) for a class of relevant sub-blocks to each relevant sub-block in that class equally, according to the number of relevant sub-blocks of that class existing on the relevant date for the financial year.