Northern Territory Consolidated Acts

PETROLEUM ACT - SECT 26

    (1)     The annual fee payable in relation to an exploration permit is:

        (a)     the prescribed amount per block per annum; or

        (b)     the prescribed annual amount,

whichever is greater.

    (2)     Subject to section 63, the annual fee for an exploration permit:

        (a)     is payable in advance; and

        (b)     is calculated on the number of blocks held,

by the permittee on the anniversary of the commencement of the permittee's exploration permit or its last renewal.