Statutory Rules 1994 No. 501
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Offshore Minerals (Retention Licence Fees) Regulations
I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Offshore Minerals (Retention Licence Fees) Act 1994.
Dated 4 March 1994.
BILL HAYDEN
Governor-General
By His Excellency’s Command,
D. BEDDALL
Minister for Resources
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Citation
1. These Regulations may be cited as the Offshore Minerals (Retention Licence Fees) Regulations.
[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]
Interpretation
2. In these Regulations, unless the contrary intention appears:
“the Act” means the Offshore Minerals (Retention Licence Fees) Act 1994.
Amount of retention licence fee
3. For the purposes of subsection 4 (1) of the Act, the amount of a retention licence fee for a year of the term of the licence is calculated by multiplying $200 by the number of blocks covered by the licence at the beginning of that year.
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NOTE
1. Notified in the Commonwealth of Australia Gazette on 11 March 1994.