Northern Territory Consolidated Acts

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PETROLEUM (SUBMERGED LANDS) ACT - SECT 138

Fees

    (1)     The holder of:

        (a)     an exploration permit;

        (b)     a retention lease;

        (c)     a production licence; or

        (d)     a pipeline licence,

shall pay a fee in respect of each year of the term of the permit, lease, licence or pipeline licence.

    (2)     The fee:

        (a)     is payable to the Minister; and

        (b)     is to be calculated in accordance with the Regulations.

    (3)     The fee for the first year of the term of the permit, lease, licence or pipeline licence is payable within one month after the day on which the term commences.

    (4)     The fee for a subsequent year of the term of the permit, lease, licence or pipeline licence is payable within one month after the anniversary of the day on which the first year of the term commences.



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