Document ID: chunk:federal_register_of_legislation:C2008C00563:schedule:2:p3
Version: federal_register_of_legislation:C2008C00563
Segment Type: schedule
Provision Reference: sch 2 (pt 3/3)
Character Range: 25531–28315

a payment under the provision of  the rent agreement required by paragraph 1 (m) in Schedule 1, the Commonwealth shall, within 21 days of being given notice in writing by the State that the State has become so liable, being notice accompanied by verification in writing of the  amount of the liability of the State, pay to the State a proportion of the amount of the payment, being a proportion equal to the proportion, or average of the proportions, required by paragraph (b) in respect of the sharing agreement;

 (m) that, if a party to an agreement is in breach of the agreement, the other party may terminate the agreement by giving the party in breach 7 days notice in writing of the termination; and

 (n) that, subject to the provision required by paragraph (m), the agreement shall continue in force unless and until the rent agreement ceases to be in force.

2. A revenue‑sharing agreement shall not contain any provision which—

 (a) discriminates, or would in any circumstances discriminate, between States or parts of States within the meaning of paragraph 51 (ii) of the Constitution; or

 (b) gives, or would in any circumstances give, preference to one State or any part thereof over another State or any part thereof within the meaning of section 99 of the Constitution.

3. A revenue‑sharing agreement may substitute for an expression in this Act another expression that has the same meaning as the first‑mentioned expression.
Notes to the Petroleum Revenue Act 1985

Note 1

The Petroleum Revenue Act 1985 as shown in this compilation comprises Act No. 188, 1985 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts
Act                                                 Number     Date         Date of commencement                      Application, saving or transitional provisions
                                                    and year   of Assent
Petroleum Revenue Act 1985                          188, 1985  16 Dec 1985  3 Mar 1986 (see Gazette 1986,
                                                                            No. S79)
Excise Legislation Amendment (Condensate) Act 2008  108, 2008  18 Oct 2008  Schedule 1 (items 11–13(1)): 18 Oct 2008  Sch. 1 (item 13(1))

Table of Amendments
ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected                                                                                How affected
S. 7....................                                                                          am. No. 108, 2008

Table A

Application, saving or transitional provisions

Excise Legislation Amendment (Condensate) Act 2008 (No. 108, 2008)