Payments by the Commonwealth to the States and the Northern Territory
20 Payments by the Commonwealth to the States and the Northern Territory
Despite the repeal of subsections 129(1), (2), (2A) and (3) of the Petroleum (Submerged Lands) Act 1967, those subsections continue to apply, in relation to an amount received by the Commonwealth before the commencement of this clause, as if that repeal had not happened.
Despite the repeal of subsections 129(1A), (2A) and (3) of the Petroleum (Submerged Lands) Act 1967, those subsections continue to apply, in relation to an amount that became payable under Part III of that Act before the commencement of this clause, as if that repeal had not happened.
If, apart from this subclause, the same amount would be counted for the purposes of a provision of section 129 of the Petroleum (Submerged Lands) Act 1967 and for the purposes of the corresponding provision of this Act, the amount is to be counted only for the purposes of one of those provisions.
Section 76 of this Act has effect, in relation to an amount received by the Commonwealth, as if:
the reference in subparagraph (1)(a)(i) of that section to this Act included a reference to the Petroleum (Submerged Lands) Act 1967; and
the reference in subparagraph (1)(a)(ii) of that section to the Annual Fees Act included a reference to the Petroleum (Submerged Lands) Fees Act 1994; and
the reference in subparagraph (1)(a)(iii) of that section to the Registration Fees Act included a reference to the Petroleum (Submerged Lands) (Registration Fees) Act 1967.
This Act’s bill:Explanatory memorandumSecond reading speech
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