Fee for groundwater extraction licence for petroleum activity that includes hydraulic fracturing
9AA Fee for groundwater extraction licence for petroleum activity that includes hydraulic fracturing
The holder of the licence must pay a fee for the grant or issue, under section 60(1) of the Act, of a water extraction licence to take water from a bore if the beneficial use under the licence is petroleum activity that includes hydraulic fracturing.
The fee is $3 000 (exclusive of GST) for each year, or part of a year, of the period of the licence.
Example for subregulation
A water extraction licence granted for a period of 3 years has a fee of $9 000.
The fee is payable by the holder of the licence in annual instalments (equal to the amount of the annual fee) on:
the date the licence is granted or issued; and
each subsequent anniversary of the grant or issue of the licence.
Example for subregulation
If the period is 3 years and the fee is $9 000, the annual instalment is $3 000.
If the licence is transferred under section 92 of the Act or amended or modified under section 93(1) of the Act and a new licence is issued to replace it, the holder of the new licence is to be credited any amount of the fee already paid under the previous licence in relation to any overlapping period of the new licence.
Example for subregulation
A licence is granted for the period from 1 July 2023 to 30 June 2025. It is amended and a new licence is issued to replace it on 1 December 2024. The licence holder will be credited the amount already paid for the overlapping period from 1 December 2024 to 30 June 2025.
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