sec.91Requirements for notice of annual levy

sec.91 Requirements for notice of annual levy

This section applies if the annual levy payable by a resource tenure holder for a financial year is more than nil. The manager must give the resource tenure holder a notice about the annual levy payable by the holder for the financial year. The manager may give a notice to a resource tenure holder on a quarterly basis or at an interval decided by the manager (the levy period ). The notice must state the following— the number of— for a petroleum tenure holder—each class of relevant sub-blocks to which the notice applies; or for a mining tenure holder—each class of mining tenure to which the notice applies; the financial year to which the notice applies; the levy period to which the notice applies; the amount of the annual levy payable by the resource tenure holder for the levy period ( levy amount ); that the levy amount becomes payable on the day the notice is given; the day by which the levy amount must be paid (the due date ); the way in which the levy amount must be paid; that if the levy amount is not paid by the due date, the State may, under section 479A of the Act , recover from the holder the amount as a debt. s 91 amd 2019 SL No. 242 s 12 (sec.91-ssec.1) This section applies if the annual levy payable by a resource tenure holder for a financial year is more than nil. (sec.91-ssec.2) The manager must give the resource tenure holder a notice about the annual levy payable by the holder for the financial year. (sec.91-ssec.3) The manager may give a notice to a resource tenure holder on a quarterly basis or at an interval decided by the manager (the levy period ). (sec.91-ssec.4) The notice must state the following— the number of— for a petroleum tenure holder—each class of relevant sub-blocks to which the notice applies; or for a mining tenure holder—each class of mining tenure to which the notice applies; the financial year to which the notice applies; the levy period to which the notice applies; the amount of the annual levy payable by the resource tenure holder for the levy period ( levy amount ); that the levy amount becomes payable on the day the notice is given; the day by which the levy amount must be paid (the due date ); the way in which the levy amount must be paid; that if the levy amount is not paid by the due date, the State may, under section 479A of the Act , recover from the holder the amount as a debt.

• (a) the number of— (i) for a petroleum tenure holder—each class of relevant sub-blocks to which the notice applies; or (ii) for a mining tenure holder—each class of mining tenure to which the notice applies;
• (i) for a petroleum tenure holder—each class of relevant sub-blocks to which the notice applies; or
• (ii) for a mining tenure holder—each class of mining tenure to which the notice applies;
• (b) the financial year to which the notice applies;