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Schedule 2—Provisions commencing once Greater Sunrise Production Sharing Contract comes into force

Schedule 2 Provisions commencing once Greater Sunrise Production Sharing Contract comes into force

Part 1 Amendment of the Australian Jobs Act 2013

Australian Jobs Act 2013

1  Subparagraphs 7(1)(d)(i) and 117(1)(b)(i)

Omit “and outside the Greater Sunrise special regime area (within the meaning of the Seas and Submerged Lands Act 1973 )”.

Part 2 Amendment of the Australian Postal Corporation Act 1989

Australian Postal Corporation Act 1989

2  Subsection 9(4) (definition of offshore area )

Repeal the definition, substitute:

offshore area of a State or a Territory has the same meaning as in the Offshore Petroleum and Greenhouse Gas Storage Act 2006 .

Part 3 Amendment of the Offshore Minerals Act 1994

Offshore Minerals Act 1994

3  Section 35A

Repeal the section.

Part 4 Amendment of the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Division 1—Amendments

Offshore Petroleum and Greenhouse Gas Storage Act 2006

4  Section 4

Omit “Principal”.

5  Section 7

Repeal the following definitions:

                     (a)  definition of Eastern Greater Sunrise offshore area ;

                     (b)  definition of Greater Sunrise unitisation agreement ;

                     (c)  definition of Greater Sunrise unit reservoir petroleum production licence ;

                     (d)  definition of Greater Sunrise visiting inspector .

6  Section 7 (paragraph (g) of the definition of offshore area )

Omit “Principal Northern Territory offshore area”, substitute “offshore area of the Northern Territory”.

7  Section 7 (paragraph (h) of the definition of offshore area )

Repeal the paragraph.

8  Section 7 (definition of offshore area )

Omit “(h),”.

9  Section 7 (definition of Principal Northern Territory offshore area )

Repeal the definition.

10  Subsection 8(1) (cell at table item 4, column headed “is…”)

Repeal the cell, substitute:

so much of the scheduled area for the Northern Territory as comprises waters of the sea that are:

(a) beyond the outer limits of the coastal waters of the Northern Territory; and

(b) within the outer limits of the continental shelf.

11  Subsection 40(1) (note 3A)

Omit “the Eastern Greater Sunrise offshore area and”.

12  Subsection 56(4) (heading)

Repeal the heading, substitute:

Northern Territory

13  Subsection 56(4)

Omit “Principal Northern Territory offshore area”, substitute “offshore area of the Northern Territory”.

14  Subsections 56(6) and (7)

Repeal the subsections.

15  Subsection 57(1)

Omit “(other than the Northern Territory)”.

16  Subsections 57(2) and (3)

Repeal the subsections.

17  Paragraph 61(2A)(a)

Repeal the paragraph.

18  Subsection 64(2)

Repeal the subsection.

19  Section 67

Repeal the section.

20  Section 69

Repeal the section.

21  Subsections 168(7) and 170(4)

Repeal the subsections (not including the notes).

22  Paragraph 171(1)(c)

Repeal the paragraph.

23  Section 172

Repeal the section.

24  Subsection 173(5)

Repeal the subsection.

25  Subsection 173A(1)

Omit “(other than a Greater Sunrise unit reservoir petroleum production licence)”.

26  Paragraph 191(1)(a)

Omit “(other than either of the Greater Sunrise unit reservoirs)”.

27  Subsection 227(9)

Repeal the subsection.

28  Section 285 (heading)

Omit “ not recovered from a Greater Sunrise unit reservoir ”.

29  Subsection 285(1)

Omit “(other than petroleum from the Greater Sunrise unit reservoirs)”.

30  Section 286 (heading)

Repeal the heading, substitute:

286   Current apportionment percentage of petroleum recovered from a Greater Sunrise unit reservoir

31  Subsections 286(1), (2) and (3)

Repeal the subsections, substitute:

Scope

             (1)  For the purposes of subsection 2C(1) of the Petroleum Resource Rent Tax Assessment Act 1987 , this section:

                     (a)  applies in relation to an amount of petroleum that is recovered at a particular time from a Greater Sunrise unit reservoir; and

                     (b)  defines the current apportionment percentage for the amount.

32  Subsection 286(4) (definition of current apportionment percentage )

Repeal the definition, substitute:

current apportionment percentage , in relation to an amount of petroleum recovered at a particular time, means 79.9%.

33  Subsections 506(7) and 555(7)

Repeal the subsections.

34  Paragraph 602(4)(b)

Omit “limitation; and”, substitute “limitation.”.

35  Paragraph 602(4)(c)

Repeal the paragraph.

36  Section 602H

Repeal the section.

37  Section 776 (heading)

Omit “ external ”.

38  Paragraph 776(1)(b)

Omit “external”.

39  Section 777

Repeal the section.

40  Paragraph 780F(1)(a)

Omit “(other than a Greater Sunrise visiting inspector)”.

41  Paragraph 780F(1)(b)

Repeal the paragraph.

42  Paragraph 780F(2)(a)

Omit “(other than a Greater Sunrise visiting inspector)”.

43  Paragraph 780F(2)(b)

Repeal the paragraph.

44  Paragraph 780F(7)(a)

Omit “(other than a Greater Sunrise visiting inspector)”.

45  Paragraph 780F(7)(b)

Repeal the paragraph.

46  Paragraph 780F(8)(a)

Omit “(other than a Greater Sunrise visiting inspector)”.

47  Paragraph 780F(8)(b)

Repeal the paragraph.

48  Paragraph 780F(9)(a)

Omit “(other than a Greater Sunrise visiting inspector)”.

49  Paragraph 780F(9)(b)

Repeal the paragraph.

50  Paragraph 7(1)(ea) of Schedule 6

Repeal the paragraph.

51  Subclause 9(1) of Schedule 6

Omit “(other than the Joint Authority for the Principal Northern Territory offshore area or the Joint Authority for the Eastern Greater Sunrise offshore area)”.

52  Subclauses 9(1A) and (1B) of Schedule 6

Repeal the subclauses.

53  Subclause 11(1) of Schedule 6

Omit “(1)”.

54  Subclause 11(1) of Schedule 6

Omit “(other than the Designated Authority for the Principal Northern Territory offshore area or the Designated Authority for the Eastern Greater Sunrise offshore area)”.

55  Subclauses 11(2) and (3) of Schedule 6

Repeal the subclauses.

56  Subclause 13(3) of Schedule 6

Repeal the subclause.

57  Subclause 15(1) of Schedule 6

Omit “(other than the Register for the Principal Northern Territory offshore area or the Register for the Eastern Greater Sunrise offshore area)”.

58  Subclauses 15(1A) and (1B) of Schedule 6

Repeal the subclauses.

59  Schedule 7 (heading)

Repeal the heading, substitute:

Schedule 7 Western Greater Sunrise area

60  Clause 2 of Schedule 7

Repeal the clause.

Division 2—Saving and transitional provisions

61  Revocation of petroleum retention leases in Greater Sunrise special regime area

(1)       A petroleum retention lease that was in force under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 over a block in the Eastern Greater Sunrise offshore area immediately before the commencement of this item is wholly revoked by this item on its commencement.

Note 1:    This item commences only once the Greater Sunrise Production Sharing Contract under the Timor Sea Maritime Boundaries Treaty has come into force. Under Article 4 of Annex B to the treaty, the conditions of the contract must be equivalent to the legal rights held under the retention leases.

Note 2:    Division 4 of Part 2.3 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 does not apply in relation to the revocation, because it occurs by force of this item.

Note 3:    Under section 471 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 , the Titles Administrator must enter in the relevant Register a memorial of the revocation.

(2)       To avoid doubt, the following provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 do not apply as a result of the revocation:

                     (a)  section 14;

                     (b)  section 115;

                     (c)  subsection 132(3);

                     (d)  section 178;

                     (e)  section 708.

62  Saving of paragraph 61(2A)(a) and subsection 64(2) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Despite the repeal of paragraph 61(2A)(a) and subsection 64(2) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 by this Part, that paragraph and subsection continue to apply for the purposes of proceedings occurring after that repeal (whether the proceedings started before, on or after that repeal).

63  Saving of Schedule 6 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Despite the amendments of Schedule 6 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 by this Part, that Schedule continues to have effect as if it had not been amended.