Document ID: chunk:federal_register_of_legislation:C2008C00563:section:5
Version: federal_register_of_legislation:C2008C00563
Segment Type: section
Provision Reference: s 5
Character Range: 4667–5312

5  Relevant revenue‑sharing agreements

  Where:
 (a) a State and the person or persons who produce market petroleum from a production unit have entered into a relevant resource rent royalty agreement providing for a royalty in respect of market petroleum produced from that unit on or after 1 July in a year after 1984 specified in the agreement; and
 (b) the State requests the Commonwealth to enter into a relevant revenue‑sharing agreement in respect of royalty payable under that relevant resource rent royalty agreement;
the Minister may arrange for the Commonwealth to enter into that relevant revenue‑sharing agreement with the State.