Contents

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement ................................................................................... 1

3............ Application of Chapter 1 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 2

4............ Definitions .......................................................................................... 2

5............ Imposition of royalty ........................................................................... 3

6............ Rate of royalty--petroleum production licences .................................. 3

7............ Rate of royalty--petroleum exploration permit ................................... 5

8............ Rate of royalty--petroleum retention lease .......................................... 6

9............ Reduction of royalty--potentially uneconomic wells .......................... 6

10.......... Exemptions from royalty ..................................................................... 7

11.......... Meaning of wellhead ........................................................................... 8

12.......... Meaning of value ................................................................................ 8

13.......... Quantity of petroleum recovered ......................................................... 8

14.......... Directions by Joint Authority .............................................................. 9

15.......... Provisional payment of royalty ........................................................... 9

16.......... Adjustment of payments of royalty ................................................... 10

16A....... Delegation by State Minister ............................................................. 11

17.......... Transitional provisions ...................................................................... 11

Schedule 1--Transitional provisions                                                                         12

1............ Definition .......................................................................................... 12

2............ Pre-commencement royalty periods .................................................. 12

3............ Transitional--eligible instruments ..................................................... 12

4............ Transitional--royalty at the prescribed rate ....................................... 13

5............ Transitional--rate of royalty ............................................................. 13

6............ Re-enactment of the Petroleum (Submerged Lands) (Royalty) Act 1967   14

Notes                                                                                                                                              15

Notes to the Offshore Petroleum (Royalty) Act 2006

Note 1

The Offshore Petroleum (Royalty) Act 2006 as shown in this compilation comprises Act No. 18, 2006 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 and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Offshore Petroleum (Royalty) Act 2006	18, 2006	29 Mar 2006	Ss. 3-17 and Schedule 1: 1 July 2008 (see s. 2(1)) Remainder: Royal Assent
Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008	117, 2008	21 Nov 2008	Schedule 2 (items 44A-44C, 45, 45A, 46-57): (a) Schedule 3 (items 31A, 31D-31F): 22 Nov 2008 Schedule 4 (items 5A-5C): (a)	--
Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment Act 2009	102, 2009	8 Oct 2009	Schedule 1 (item 67): 9 Oct 2009	--
Offshore Petroleum (Royalty) Amendment Act 2011	110, 2011	14 Oct 2011	Schedule 1: 1 Jan 2012 (see s. 2(1)) Remainder: Royal Assent	Sch. 1 (items 4-6)

(a)     Subsection 2(1) (items 2-4 and 6) of the Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
2.  Schedule 1	The day after this Act receives the Royal Assent.	22 November 2008
3.  Schedule 2	Immediately after the commencement of the provision(s) covered by table item 2.	22 November 2008
4.  Schedule 3	The day after this Act receives the Royal Assent.	22 November 2008
6.  Schedule 4, Part 2	Immediately after the commencement of the provision(s) covered by table item 4.	22 November 2008

Table of Amendments

ad. = added or inserted    am. = amended    rep. = repealed    rs. = repealed and substituted
Provision affected	How affected
Heading to s. 3..................	am. No. 117, 2008
S. 3......................................	am. No. 117, 2008
Note to s. 3.........................	am. No. 102, 2009
S. 4......................................	am. No. 117, 2008; No. 110, 2011
Note 2 to s. 5......................	am. No. 117, 2008
Heading to s. 6..................	am. No. 117, 2008
Subhead. to s. 6(2)............	am. No. 117, 2008
S. 6......................................	am. No. 117, 2008; No. 110, 2011
Heading to s. 7..................	am. No. 117, 2008
S. 7......................................	am. No. 117, 2008
Heading to s. 8..................	am. No. 117, 2008
S. 8......................................	am. No. 117, 2008
S. 9......................................	am. No. 110, 2011
Ss. 10-14............................	am. No. 117, 2008; No. 110, 2011
S. 15....................................	am. No. 110, 2011
S. 16A.................................	ad. No. 110, 2011
Schedule 1
C. 5.....................................	am. No. 117, 2008

Table A

Application, saving or transitional provisions

Offshore Petroleum (Royalty) Amendment Act 2011 (No. 110, 2011)

Schedule 1

4  Transitional--instruments

(1)       This item applies to an instrument if:

                     (a)  the instrument was in force immediately before the commencement of this item; and

                     (b)  the instrument was made or given, by the Designated Authority for an offshore area, under, or for the purposes of, a particular provision of the Offshore Petroleum (Royalty) Act 2006 (other than paragraph 10(1)(b) or (c) or subsection 10(2)).

(2)       The instrument has effect, after the commencement of this item, as if it had been made or given:

                     (a)  by the State Minister; and

                     (b)  under, or for the purposes of, the corresponding provision of that Act as amended by this Schedule.

5  Transitional--acts of Designated Authority to be attributed to the State Minister etc.

(1)       This item applies to an act or thing (other than the making or giving of an instrument) that was done before the commencement of this item:

                     (a)  by, or in relation to, the Designated Authority for an offshore area; and

                     (b)  under, or for the purposes of, a particular provision of the Offshore Petroleum (Royalty) Act 2006 (other than paragraph 10(1)(b) or (c) or subsection 10(2)).

(2)       The act or thing has effect, after the commencement of this item, as if it had been done:

                     (a)  by, or in relation to, the State Minister; and

                     (b)  under, or for the purposes of, the corresponding provision of that Act as amended by this Schedule.

6  Application of amendments--exemptions from royalty

(1)       The amendments of section 10 of the Offshore Petroleum (Royalty) Act 2006 made by this Schedule, in so far as the amendments relate to a use of petroleum, apply to a use that occurs after the commencement of this item.

(2)       The amendments of section 10 of the Offshore Petroleum (Royalty) Act 2006 made by this Schedule, in so far as the amendments relate to the flaring or venting of petroleum, apply to flaring or venting that occurs after the commencement of this item.

(3)       The amendments of section 10 of the Offshore Petroleum (Royalty) Act 2006 made by this Schedule, in so far as the amendments relate to the return of petroleum to a natural reservoir, apply to a return that occurs after the commencement of this item.