Petroleum (Submerged Lands) Regulations 1987

(1) For the purposes of section 81(4)(b) of the Act, the following particulars are prescribed:

(a) the description and date of execution of the instrument evidencing the dealing referred to in section 81(4)(a) of the Act;

(b) details of the title (including the type and number of the title) to which the dealing relates;

(d) details of the effect or effects, upon registration, of the dealing specified in terms of the relevant paragraph or paragraphs of section 81(1) of the Act;

(e) details of the interest or interests in the title of all parties to the dealing:

(ii) in the event of approval of the dealing, after the registration of the dealing;

(f) in the case of a dealing to which section 92(5)(a) of the Act applies – the value of the consideration;

(g) in the case of a dealing relating to an interest in a licence or pipeline licence to which section 92(5)(b) of the Act applies – the value of the interest;

(h) whether or not the parties to the dealing have made or propose to make an application for the purposes of section 92(7) of the Act;

(j) in respect of any related dealing in relation to which an entry has been made in the Register or an application in writing for approval by the Minister has been lodged (whether before or after the commencement of the Petroleum (Submerged Lands) Amendment Act 1989):

(i) the description and date of execution of the instrument evidencing the dealing;

(ii) the date of approval by the Minister or Designated Authority (if appropriate); and

(2) In subregulation (1), related dealing means a dealing executed before the execution of the instrument evidencing the dealing referred to in subregulation (1)(a), by some or all of the parties to that instrument:

(a) that affects the title which is the subject of the dealing to which the instrument referred to in subregulation (1)(a) relates; and

(i) creates or assigns an option to enter into the dealing referred to in subregulation (1)(a);

(ii) creates or assigns a right to enter into the dealing referred to in subregulation (1)(a); or

(iii) is altered or terminated by the dealing referred to in subregulation (1)(a),

and includes a transaction in respect of which an instrument was registered under section 81 of the Act before 3 September 1986.

(1) For the purposes of section 118(1A)(b), (2)(b), (5)(c) and (5A)(b) of the Act, the fee payable is an amount equal to the sum of the following amounts:

(a) where the information requested is contained in a document and that document is lent to the person who made the request – an amount calculated at the rate of 35 revenue units per day or part of a day during which the document containing the information is on loan to that person;

(b) where the information requested is contained in a document and that document is not readily available and a search is necessary to locate the information – an amount calculated at the rate of 35 revenue units per hour or part of an hour after the first half-hour for the time taken to locate the information;

(c) where any information referred to in paragraphs (a) or (b) is, on the application of the person making the request:

an amount equal to all costs incurred in the copying, reproduction, forwarding or consignment, including the costs of packaging where applicable.

(2) For the purposes of section 118(3) and (5)(d) of the Act, the fee payable is an amount equal to the sum of the following amounts:

(a) where the core, cutting or sample is lent to the person who made the request – an amount calculated at the rate of 35 revenue units per day or part of a day during which the core, cutting or sample is on loan to that person;

(b) where the core, cutting or sample is not readily available and a search is necessary to locate the core, cutting or sample – an amount calculated at the rate of 35 revenue units per hour or part of an hour after the first half-hour for the time taken to locate the core, cutting or sample;

(c) where the core, cutting or sample is, on the application of the person making the request, forwarded or consigned to that person – an amount equal to all costs incurred in the forwarding or consignment, including the costs of packaging where applicable.

For the purposes of section 138(1)(a) of the Act, the fee payable is:

(b) an amount calculated at a rate of $84 for each block to which the permit relates at the commencement of the year,

whichever is the greater.

(1) If an annual fee prescribed by regulation 8, 9, 10 or 11 is payable in respect of a period any of which is after 30 June 2000, the amount of the fee payable in respect of the period after 30 June 2000 is increased by the amount of the GST component.

(2) Despite that the fee in respect of a period after 30 June 2000 may have been paid, the additional amount of the GST component may be separately charged and is payable by the permittee, licensee or lessee (as the case may be) within one month after the date the charge is made.

(3) The GST component of a fee in respect of a period after 30 June 2000 is to be calculated in accordance with the formula:

GST component = (AF/10) x (GST period/366)

where:

AF is the relevant annual fee prescribed; and

GST period is the number of days that are in the period after 30 June 2000.

(4) In this regulation GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth.

Schedule 1

regulation 2

NORTHERN TERRITORY OF AUSTRALIA

Petroleum (Submerged Lands) Act 1981

TRANSFER OF TITLE UNDER SECTION 78

I/We⁽¹⁾⁽²⁾

being the registered holder/holders⁽¹⁾ of⁽³⁾

in consideration of⁽⁴⁾

hereby transfer all right, title and interest in that⁽³⁾

to⁽⁵⁾

IN WITNESS of this transfer the parties to the transfer have affixed their respective common seals or signatures below on this day of , 19 .

______________________________________________________________

_{(1) Delete whichever is inapplicable.}

_{(2) Here insert the name of the transferor, or where there are 2 or more transferors, the name of each transferor.}

_{(3) Here insert the type (e.g., exploration permit, production licence) and number of the property transferred that is a title within the meaning of section 78 of the Act.}

_{(4) Here insert the value of the consideration for the transfer or the value of the title transferred. Where the transfer of the title is pursuant to a dealing which has been approved and registered under the Act, insert a reference that is sufficient to identify that dealing.}

_{(5) Here insert the name and address of the transferee or, where there are 2 or more transferees, the name and address of each transferee.}

_{(6) Here affix the common seal or signature of the transferor or of each transferor, as the case may be.}

_{(7) Here affix the common seal or signature of the transferee or of each transferee, as the case may be.}