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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE AMENDMENT REGULATIONS 2024 (SR NO 65 OF 2024) - NOTES

S.R. No. 65/2024

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STATUTORY RULES 2024

S.R. No. 65/2024

Offshore Petroleum and Greenhouse Gas Storage Act 2010

Offshore Petroleum and Greenhouse Gas Storage Amendment Regulations 2024

The Governor in Council makes the following Regulations:

Dated: 25 June 2024

Responsible Minister:
LILY D'AMBROSIO
Minister for Energy and Resources

SAMUAL WALLACE
Clerk of the Executive Council

Endnotes


[1] Reg. 4: S.R. No. 155/2021.

——

Fee Units

These Regulations provide for fees by reference to fee units within the meaning of the Monetary Units Act 2004.

The amount of the fee is to be calculated, in accordance with section 7 of that Act, by multiplying the number of fee units applicable by the value of a fee unit.

The value of a fee unit for the financial year commencing 1 July 2024 is $16.33. The amount of the calculated fee may be rounded to the nearest 10 cents.

The value of a fee unit for future financial years is to be fixed by the Treasurer under section 5 of the Monetary Units Act 2004. The value of a fee unit for a financial year must be published in the Government Gazette and a Victorian newspaper before 1 June in the preceding financial year.



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