Commonwealth Coat of Arms of Australia

Offshore Minerals (Exploration Licence Fees) Regulations 2018

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 30 August 2018

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Matt Canavan

Minister for Resources and Northern Australia

Contents

1 Name

2 Commencement

3 Authority

4 Schedules

5 Definitions

6 Amount of exploration licence fee

Schedule 1—Repeals

Offshore Minerals (Exploration Licence Fees) Regulations

1 Name

This instrument is the Offshore Minerals (Exploration Licence Fees) Regulations 2018.

2 Commencement

(1) Each provision of this instrument 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
Provisions	Commencement	Date/Details
1. The whole of this instrument	The day after this instrument is registered.	1 September 2018

Note: This table relates only to the provisions of this instrument as originally made.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

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

3 Authority

This instrument is made under the Offshore Minerals (Exploration Licence Fees) Act 1981.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5 Definitions

In this instrument:

Act means the Offshore Minerals (Exploration Licence Fees) Act 1981.

6 Amount of exploration licence fee

For the purposes of subsection 4(2) of the Act, the amount of the fee in respect of a year of the term of an exploration licence is the greater of:

(a) $600; and

(b) the amount obtained by multiplying $20 by the number of blocks covered by the licence at the beginning of the year.