Apportionment of office’s estimated petroleum costs to each relevant sub-block
89 Apportionment of office’s estimated petroleum costs to each relevant sub-block
This section provides for the apportionment of the office’s estimated petroleum costs for a financial year to each relevant sub-block.
The office must apportion the office’s estimated petroleum costs to each class of relevant sub-blocks according to the proportion of the office’s functions under the Act carried out in the financial year for the class of relevant sub-blocks.
The office must apportion the amount worked out under subsection (2) for a class of relevant sub-blocks to each relevant sub-block in that class equally, according to the number of relevant sub-blocks of that class existing on the relevant date for the financial year.
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