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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 156 Civil penalty for nonpayment of annual rent

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 156

Civil penalty for nonpayment of annual rent

156 Civil penalty for nonpayment of annual rent

(1) If a petroleum lease holder does not pay the annual rent as required under section 155 , the holder must also pay the State a civil penalty.
(2) The amount of the penalty is 15% of the rent.
(3) The penalty—
(a) must be paid on the day after the last day for payment of the rent; and
(b) is still payable even if the holder later pays the rent.