Petroleum (Submerged Lands) Fees Amendment Regulations 2006 (No. )

Petroleum (Submerged Lands) Fees Amendment Regulations 2006 (No. 1)1

Select Legislative Instrument 2006 No. 161

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Petroleum (Submerged Lands) Fees Act 1994.

Dated 22 June 2006

P. M. JEFFERY

Governor‑General

By His Excellency’s Command

IAN MACFARLANE

Minister for Industry, Tourism and Resources

1 Name of Regulations

These Regulations are the Petroleum (Submerged Lands) Fees Amendment Regulations 2006 (No. 1).

2 Commencement

These Regulations commence on 1 July 2006.

3 Amendment of Petroleum (Submerged Lands) Fees Regulations 1994

Schedule 1 amends the Petroleum (Submerged Lands) Fees Regulations 1994.

Schedule 1 Amendments

(regulation 3)

[1] Subregulation 3 (2)

substitute

(2) If a fee is specified in, or calculated in accordance with, these Regulations, the following applies in relation to GST:

(a) if the fee is specified in a current determination of the Treasurer made under subsection 81‑5 (2) of the A New Tax System (Goods and Services Tax) Act 1999 — the fee does not include GST;

(b) if the fee is not specified in a current determination of the Treasurer made under subsection 81‑5 (2) of the A New Tax System (Goods and Services Tax) Act 1999 — the fee includes GST.

[2] Paragraph 4 (a)

omit

$1 100;

insert

$1 000;

[3] Paragraph 4 (b)

omit

$55

insert

$50

[4] Regulation 5

omit

$6 600

insert

$6 000

[5] Regulation 6

omit

$19 800

insert

$18 000

[6] Regulation 6A

omit

$13 200

insert

$12 000

[7] Regulation 7

omit

$88

insert

$80