Document ID: chunk:federal_register_of_legislation:F2025C00035:reg:59ac
Version: federal_register_of_legislation:F2025C00035
Segment Type: reg
Provision Reference: reg 59AC
Character Range: 78789–80867

59AC  Remittal or refund of levy—title partly ceases to be in force during year

Remittal of levy
 (1) For the purposes of subsection 695M(3) of the OPGGS Act, the Titles Administrator must remit an amount of levy, worked out under subsection (3), if:
 (a) the levy is imposed on a title for a year; and
 (b) the title partly ceases to be in force at a particular time during the year, other than in the circumstances mentioned in subsection (6); and
 (c) the levy has not been paid by that time.

Refund of levy
 (2) For the purposes of subsection 695M(3) of the OPGGS Act, the Titles Administrator must refund an amount of levy, worked out under subsection (3), if:
 (a) the levy is imposed on a title for a year; and
 (b) the title partly ceases to be in force at a particular time during the year, other than in the circumstances mentioned in subsection (6); and
 (c) the levy has been paid by that time.

Amount to be remitted or refunded
 (3) The amount to be remitted under subsection (1), or refunded under subsection (2), is the sum of each amount worked out in accordance with subsection (4) or (5) (as applicable).
 (4) For each block that ceases to be the subject of the title during the year, work out an amount in accordance with the following formula:

 (5) For each kilometre (or part of a kilometre) of pipeline that ceases to be covered by the title during the year, work out an amount in accordance with the following formula:

Circumstances in which remittal or refund is not applicable under this section
 (6) For the purposes of paragraphs (1)(b) and (2)(b), the circumstances are that:
 (a) the title is partly cancelled under section 275 or 447 of the OPGGS Act during the year; or
 (b) the title is partly surrendered under section 271 or 443 of the OPGGS Act during the year.
Note: For paragraph (6)(b), see section 59AE for the remittal or refund of levy in the circumstance that a title is partly surrendered during the year and the application for consent to surrender, or to partly surrender, the title is made before the beginning of that year.