Imposition of well activity levy—Commonwealth titles etc
10C Imposition of well activity levy—Commonwealth titles etc
If:
either:
a person makes an application to NOPSEMA, under prescribed regulations, or a prescribed provision of regulations, made under the Offshore Petroleum and Greenhouse Gas Storage Act 2006, for acceptance of a well operations management plan; or
a person submits to NOPSEMA, under a prescribed provision of regulations made under the Offshore Petroleum and Greenhouse Gas Storage Act 2006, a proposed revision of a well operations management plan; and
the person is either:
the registered holder of an eligible title; or
subject to a remedial direction (other than as the registered holder of an eligible title);
levy is imposed on the application or submission.
Levy imposed by subsection (1) is to be known as well activity levy.
Well activity levy imposed by subsection (1) is payable by the person.
Amount of well activity levy
The amount of well activity levy imposed by subsection (1) on an application or submission is the amount that is specified in, or worked out in accordance with, the regulations.
Definitions
In this section:
eligible title means:
a petroleum title; or
a greenhouse gas title.
greenhouse gas title means:
a greenhouse gas assessment permit; or
a greenhouse gas holding lease; or
a greenhouse gas injection licence.
petroleum title means:
a petroleum exploration permit; or
a petroleum retention lease; or
a petroleum production licence.
registered holder, in relation to an eligible title, has the same meaning as in the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.