Offshore Minerals (Registration Fees) Act 2003 (WA)

Western Australia Offshore Minerals (Registration Fees) Act 2003 Western Australia Offshore Minerals (Registration Fees) Act 2003 Contents 1. Short title 1 2. Commencement 1 3. Definitions 1 4. Imposition of registration fees 1 5. Value of exploration works to be deducted 2 6. Document giving effect to agreement 2 7. Transactions between related corporations 3 8. Regulations 4 Notes Compilation table 5 Defined terms Western Australia Offshore Minerals (Registration Fees) Act 2003 An Act to provide for the payment of fees for the lodgment for registration of certain documents under the Offshore Minerals Act 2003.

1. Short title This Act may be cited as the Offshore Minerals (Registration Fees) Act 2003.

2. Commencement This Act comes into operation on the day on which the Offshore Minerals Act 2003 comes into operation.

3. Definitions (1) In this Act, unless the contrary intention appears — document means a document lodged for registration under section 338 or 339 of the Offshore Minerals Act 2003. (2) Expressions used in this Act that are used in the Offshore Minerals Act 2003 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 Minister, for the lodgment for registration of a document under section 338 or 339 of the Offshore Minerals Act 2003, 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. (2) The percentage prescribed for the purposes of subsection (1) is not to exceed 10%. (3) Where the amount of the fee under subsection (1) for the lodgment of a document is less than the prescribed minimum amount, the amount of the fee for the lodgment of that document is that minimum amount. (4) The amount prescribed for the purposes of subsection (3) is not to exceed $2 000.