Federal Register of Legislation - Australian Government

Primary content

A Bill for an Act to amend legislation relating to offshore resources, and for other purposes
Administered by: Resources, Energy and Tourism
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Registered 27 May 2011
Introduced HR 25 May 2011
Table of contents.

2010‑2011

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011

 

No.      , 2011

 

(Resources and Energy)

 

 

 

A Bill for an Act to amend legislation relating to offshore resources, and for other purposes

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendments                                                                                                3

Offshore Minerals Act 1994                                                                                      3

Offshore Petroleum and Greenhouse Gas Storage Act 2006                              3

 


A Bill for an Act to amend legislation relating to offshore resources, and for other purposes

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Offshore Resources Legislation Amendment (Personal Property Securities) Act 2011.

2  Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

The later of:

(a) the start of the day after this Act receives the Royal Assent; and

(b) the registration commencement time within the meaning of the Personal Property Securities Act 2009.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.


 

Schedule 1Amendments

  

Offshore Minerals Act 1994

1  After section 439

Insert:

439A  Licences, and interests in licences etc., are not personal property for the purposes of the Personal Property Securities Act 2009

                   Each of the following is declared not to be personal property for the purposes of the Personal Property Securities Act 2009:

                     (a)  a licence;

                     (b)  an interest or right in, or in relation to, a licence.

Note:          See paragraph 8(1)(k) of the Personal Property Securities Act 2009.

Offshore Petroleum and Greenhouse Gas Storage Act 2006

2  After Part 9.10A

Insert:

Part 9.10BPersonal property securities

  

780H  Titles, and interests etc. in titles, are not personal property for the purposes of the Personal Property Securities Act 2009

                   Each of the following is declared not to be personal property for the purposes of the Personal Property Securities Act 2009:

                     (a)  a petroleum exploration permit;

                     (b)  a petroleum retention lease;

                     (c)  a petroleum production licence;

                     (d)  an infrastructure licence;

                     (e)  a pipeline licence;

                      (f)  a petroleum special prospecting authority;

                     (g)  a petroleum access authority;

                     (h)  a greenhouse gas assessment permit;

                      (i)  a greenhouse gas holding lease;

                      (j)  a greenhouse gas injection licence;

                     (k)  a greenhouse gas search authority;

                      (l)  a greenhouse gas special authority;

                    (m)  an interest, right, determination or option referred to in item 1, 2, 3, 4, 5, 6 or 7 of the table in section 486;

                     (n)  an interest, right, determination or option referred to in item 1, 2, 3, 4, 5 or 6 of the table in section 537;

                     (o)  any other interest or right in, or in relation to, a permit, lease, licence or authority covered by paragraph (a), (b), (c), (d), (e), (f), (g), (h), (i), (j), (k) or (l) of this section.

Note:          See paragraph 8(1)(k) of the Personal Property Securities Act 2009.