Offshore Minerals (Mining Licence Fees) Act 1981

The Offshore Minerals (Mining Licence Fees) Act 1981 is an Act of the Australian Parliament that provides for the payment of fees in respect of mining licences under the Offshore Minerals Act 1994. The Act is divided into 7 sections, which outline the commencement, interpretation, licence fees, holder liable to pay fee, time for payment, penalty for late payment, and fees and penalties debts due to the Commonwealth.

The key provisions of the Act include:

A mining licence holder must pay a fee to the Designated Authority in respect of each year of the term of the licence.
The amount of the fee is calculated in accordance with the regulations.
The fee is payable one month after the day on which the year begins.
A penalty is payable if the licence holder fails to pay the fee on time, calculated at the rate of one-third of 1% per day.
* Fees and penalties are debts due to the Commonwealth and are recoverable in a court of competent jurisdiction.

This compilation was prepared on October 17, 2000, taking into account amendments up to Act No. 29 of 1994.