Document ID: chunk:federal_register_of_legislation:C2014A00079:clause:1_1
Version: federal_register_of_legislation:C2014A00079
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 3476–4087

1  Subsection 10E(1)
Repeal the subsection, substitute:
 (1) Levy is imposed on an eligible title:
 (a) for the year beginning on the day the title comes into force; and
 (b) for each subsequent year beginning on the anniversary of that day, if the title is in force at the start of the anniversary.
Levy is imposed whether or not the eligible title is in force for the whole of the year.
Note: See section 695M of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 for the remittal or refund of levy imposed for a year by this subsection if the title ceases to be in force before the end of the year.