Document ID: chunk:federal_register_of_legislation:C2024C00818:section:37:p2
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 37 (pt 2/2)
Character Range: 137296–138519

retention lease area or areas in relation to a retention lease or leases related to an exploration permit, any liability incurred during that period to pay an exploration permit fee shall, for the purposes of subsection (1), be taken to relate proportionally to the carrying on of operations involved in exploration for petroleum in the retention lease area or areas and in the remainder of the exploration permit area in relation to the exploration permit, according to the respective sizes of those areas.
 (3) For the purposes of this section, a person is taken to make a payment when the person becomes liable to make the payment.
 (4) Subject to subsection (5), for the purposes of paragraph (1)(a), exploration for petroleum means:
 (a) discovering petroleum; or
 (b) identifying the extent of discovered petroleum; or
 (c) identifying the nature of discovered petroleum.
 (5) For the purposes of paragraph (1)(a), exploration for petroleum does not include determining:
 (a) any of the following in relation to the recovery of petroleum:
 (i) commercial viability;
 (ii) economic feasibility;
 (iii) technical feasibility; or
 (b) how to recover any petroleum;
 (6) Paragraphs (5)(a) and (b) do not limit each other.