Offshore Minerals (Registration Fees) Act 1981 (Cth)

Offshore Minerals (Registration Fees) Act 1981

Act No. 86 of 1981 as amended

This compilation was prepared on 30 July 2001 taking into account amendments up to Act No. 55 of 2001

The text of any of those amendments not in force on that date is appended in the Notes section

Prepared by the Office of Legislative Drafting, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1] 2 Commencement [see Note 1] 3 Interpretation 4 Imposition of registration fees 5 Regulations

Notes An Act to provide for the payment of fees for the lodgment for registration of certain documents under the Offshore Minerals Act 1994

1 Short title [see Note 1]

This Act may be cited as the Offshore Minerals (Registration Fees) Act 1981.

2 Commencement [see Note 1]

This Act shall come into operation on the day on which the Minerals (Submerged Lands) Act 1981 comes into operation.

3 Interpretation

Expressions used in this Act that are used in the Offshore Minerals Act 1994 have, unless the contrary intention appears, the same meanings as they have in that Act.

4 Imposition of registration fees

(1) There is payable to the Designated Authority, in respect of a document that is lodged for registration under section 338 (a section 338 document) or 339 (a section 339 document) of the Offshore Minerals Act 1994 a fee equal to the prescribed percentage of: (a) the value of the consideration for the document; or (b) the value of the licence, share or interest transferred or otherwise dealt with by the document; whichever is the greater.

(1A) The percentage prescribed for the purposes of subsection (1) is not to exceed 10%.

(2) Where, but for this subsection, the amount of the fee imposed by subsection (1) in respect of a section 338 or section 339 document would be less than the amount prescribed for the purposes of this subsection, the amount of the fee imposed in respect of the document is that prescribed amount.