Register of licensees and permittees
23 Register of licensees and permittees
(1) A licensee or permittee must register with the Commissioner of Territory Revenue within 30 days after the licensee or permittee starts petroleum production under the licence or exploration permit.
(2) A licensee or permittee must notify the Commissioner of Territory Revenue within 30 days after the day:
(a) the licensee or permittee ends petroleum production during an extended or permanent shutdown of its operations in a project area; or
(b) the licensee or permittee restarts petroleum production after an extended or permanent shutdown of its operations in a project area; or
(c) there is a change in ownership of the licence or exploration permit.
(3) Registration and notification under this section must be in the approved form and the approved manner.
(4) The Commissioner of Territory Revenue may cancel the registration of the licensee or permittee if:
(a) petroleum production ends following a permanent shutdown of its operations under the licence or exploration permit in a project area; or
(b) the licence or exploration permit is transferred to another person; or
the registration is not required for any other reason.
This Act’s bill:Explanatory statementSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.