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Offshore Petroleum (Royalty) Act 2006

No. 18, 2006

Compilation No. 6

Compilation date:    5 March 2016

Includes amendments up to: Act No. 126, 2015

Registered:    3 May 2016

About this compilation

This compilation

This is a compilation of the Offshore Petroleum (Royalty) Act 2006 that shows the text of the law as amended and in force on 5 March 2016 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
1 Short title
2 Commencement
3 Application of Chapter 1 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006
4 Definitions
5 Imposition of royalty
6 Rate of royalty—petroleum production licences
7 Rate of royalty—petroleum exploration permit
8 Rate of royalty—petroleum retention lease
9 Reduction of royalty—potentially uneconomic wells
10 Exemptions from royalty
11 Meaning of wellhead
12 Meaning of value
13 Quantity of petroleum recovered
14 Directions by Joint Authority
15 Provisional payment of royalty
16 Adjustment of payments of royalty
16A Delegation by State Minister
17 Transitional provisions
Schedule 1—Transitional provisions
1 Definition
2 Pre‑commencement royalty periods
3 Transitional—eligible instruments
4 Transitional—royalty at the prescribed rate
5 Transitional—rate of royalty
6 Re‑enactment of the Petroleum (Submerged Lands) (Royalty) Act 1967
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
An Act to impose a royalty on petroleum recovered from the North