PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 76
Civil penalty for nonpayment of annual rent
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 76
Civil penalty for nonpayment of annual rent
76 Civil penalty for nonpayment of annual rent
(1) If an authority to
prospect holder does not pay the annual rent as required under section 75 ,
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.
