53
In forceAnnual fee
Part IIExploring and mining for petroleum
Division 4Production licences
53 Annual fee
(1) The annual fee payable in relation to a production licence is the amount prescribed by, or calculated in accordance with, the regulations.
(2) Subject to section 63, the annual fee for a production licence is payable by the production licensee in advance on:
(a)
the commencement of the production licence; and
(b) each anniversary of the commencement of the production licence or its last renewal.
Regulations
This provision refers to the regulations (the regulations
). Made under this Act:
This Act’s bill:Second reading speech
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