Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 2 November 1967


Mr CONNOR (Cunningham) - The Opposition, while favouring the first paragraph of the amendment, is by no means happy with the second. We full agree that there should be a limitation on the number of exploration permits held but we do not propose to give blanket approval to everything which the States have done. Within reasonable limits we would be prepared to give approval but to accept exploration permits held by certain companies and referred to in prior debate would be a contradiction of the criticism already advanced by the honourable member for Mackellar (Mr Wentworth) earlier in the debate. We cannot accept the amendment. We can accept the first paragraph but not the second.

Proposed new clause negatived.

Clauses 39 to 41 - by leave - taken together, and agreed to.

Clause 42. (1.) Where an application for a primary licence has been made and, before or after the grant of the primary licence, the applicant makes an application for a secondary licence, the Designated Authority shall determine a rate at which royalty is to be payable in respect of petroleum recovered, whether under the primary licence or under the secondary licence, being a rate that is not less than eleven per centum nor more that twelve and one-half per centum of the value at the wellhead of that petroleum. (2.) The Designated Authority shall not, under the last preceding sub-section, determine the rate at which royalty is to be payable unless he has given to the applicant an opportunity to confer with him concerning that rate.







Suggest corrections