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PETROLEUM (ONSHORE) ACT 1991 - SECT 106A Definitions

PETROLEUM (ONSHORE) ACT 1991 - SECT 106A

Definitions

106A Definitions

(1) In this Part--


"assessed deposit" has the meaning given by section 106E.


"group security deposit" means a single security deposit that, under a security deposit condition or conditions, is required to be given and maintained in respect of more than one petroleum title.


"minimum deposit" has the meaning given by section 106H.


"security deposit condition" means a condition of a petroleum title imposed under section 106B.
(2) In this Part, a reference to obligations under this Act does not include a reference to any obligation to pay royalty under this Act, compensation under Part 11 or a fee payable under Part 7A.