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Offshore Resources Legislation Amendment (Personal Property Securities) Bill 2011

Schedule 1 Amendments

   

Offshore Minerals Act 1994

1  After section 439

Insert:

439A   Licences, and interests in licences etc., are not personal property for the purposes of the Personal Property Securities Act 2009

                   Each of the following is declared not to be personal property for the purposes of the Personal Property Securities Act 2009 :

                     (a)  a licence;

                     (b)  an interest or right in, or in relation to, a licence.

Note:          See paragraph 8(1)(k) of the Personal Property Securities Act 2009 .

Offshore Petroleum and Greenhouse Gas Storage Act 2006

2  After Part 9.10A

Insert:

Part 9.10B Personal property securities

   

780H   Titles, and interests etc. in titles, are not personal property for the purposes of the Personal Property Securities Act 2009

                   Each of the following is declared not to be personal property for the purposes of the Personal Property Securities Act 2009 :

                     (a)  a petroleum exploration permit;

                     (b)  a petroleum retention lease;

                     (c)  a petroleum production licence;

                     (d)  an infrastructure licence;

                     (e)  a pipeline licence;

                      (f)  a petroleum special prospecting authority;

                     (g)  a petroleum access authority;

                     (h)  a greenhouse gas assessment permit;

                      (i)  a greenhouse gas holding lease;

                      (j)  a greenhouse gas injection licence;

                     (k)  a greenhouse gas search authority;

                      (l)  a greenhouse gas special authority;

                    (m)  an interest, right, determination or option referred to in item 1, 2, 3, 4, 5, 6 or 7 of the table in section 486;

                     (n)  an interest, right, determination or option referred to in item 1, 2, 3, 4, 5 or 6 of the table in section 537;

                     (o)  any other interest or right in, or in relation to, a permit, lease, licence or authority covered by paragraph (a), (b), (c), (d), (e), (f), (g), (h), (i), (j), (k) or (l) of this section.

Note:          See paragraph 8(1)(k) of the Personal Property Securities Act 2009 .

(89/11)