Document ID: chunk:federal_register_of_legislation:C2010C00584:clause:5_36b
Version: federal_register_of_legislation:C2010C00584
Segment Type: clause
Provision Reference: sch 5 cl 36B
Character Range: 41128–42558

36B  Designated frontier areas for 2005 to 2008

 (1) For the purposes of the definition of designated frontier area, the Minister administering the Petroleum (Submerged Lands) Act 1967 may designate, in writing, up to (and including) 20% of potential exploration permit areas as frontier areas.

Note: An amount of exploration expenditure incurred in respect of an area that is specified under this section might be increased by 150% (before the GDP factor or the augmented bond rate is applied to the amount under the Schedule): see section 36C.

 (2) The Minister must not specify new areas for a calendar year after 2008.

 (3) The Minister must publish an instrument made under subsection (1) in the Gazette.

 (4) An instrument made under subsection (1) is not a legislative instrument for the purposes of the Legislative Instruments Act 2003.

 (5) The Minister may, by signed instrument, delegate his or her power under subsection (1) to an SES employee or an acting SES employee in the Minister's Department.

Note: The expressions SES employee and acting SES employee are defined in section 17AA of the Acts Interpretation Act 1901.

 (6) In this section:

potential exploration permit area means an area or areas constituted by a block or blocks in respect of which applications for exploration permits have been invited, but not yet granted, under Division 2 of Part III of the Petroleum (Submerged Lands) Act 1967.