PETROLEUM SEARCH SUBSIDY.

No. 22 of 1958.

An Act to amend the Petroleum Search Subsidy Act 1957.

[Assented to 21st May, 1958.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Petroleum Search Subsidy Act 1958.

(2.) The Petroleum Search Subsidy Act 1957, as amended by this Act, may be cited as the Petroleum Search Subsidy Act 1957–1958.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Subsidy payable only in respect of drilling operations carried out between certain dates.

3. Section ten of the Petroleum Search Subsidy Act 1957 is amended by omitting from paragraph (b) of sub-section (1.) the words “and an agreement for the payment of the subsidy may be entered into”.