Tenement | ONSHOREPetroleum and Geothermal Energy Act 2000 |
---|---|

EXPLORATION (GEL) | |

Application fee - (Exempt from GST). | A$4,183 |

Maximum area (one block=5x5 minutes) | 3,000 km^{2} per GEL |

Annual fee - (Onshore inclusive of GST). | *minimum A$3,539 or A$1.35 per km^{2} whichever is the greater. |

Initial term of tenement | 5 years |

Relinquishment at end of term | 33.3% |

Application for renewal - (Exempt from GST). | A$2,092 |

Application for variation - (Exempt from GST). | A$2,092 |

Application for suspension - (Exempt from GST). | A$2,092 |

Renewal term | 5 years |

PRODUCTION (GPL) | |

Application fee - (Exempt from GST). | A$4,183 |

Maximum area | 1,000 km^{2} |

Annual fee - (Onshore inclusive of GST). | *minimum A$3,539 or A$154 per km^{2} whichever is the greater. |

Initial and 1st renewal term | N/A |

Royalty Rate (of wellhead value) | Geothermal 2.5% |

GEOTHERMAL RETENTION LICENCE (GRL) | |

Application fee - (Exempt from GST) | A$4,183 |

Maximum area | 1,000 km^{2} |

Annual fee - (Exempt from GST) | *minimum A$3,539 or A$154 per km^{2} whichever is the greater. |

5 years | |

Application for renewal | A$2,092 |

Renewal term | Maximum aggregate of 15 years |

ASSOCIATED ACTIVITIES LICENCE (AAL) | |

Application fee - (Exempt from GST). | A$4,183 |

Maximum area | Limited to an area no greater that 5 km^{2} |

Annual fee - (Exempt from GST) | A$3,539 or A$1,890 per km^{2} whichever is the greater for a permanent facility or A$3,539 in any other case. |

Term (Permanent Activity) | Granted for the same term and renewable at the same time as the primary licence. |

Term (Temporary Activity) | Granted for the same term determined by the Minister. |

SPECIAL FACILITIES LICENCE (SFL) | |

Application fee - (Exempt from GST). | A$4,183 |

Maximum area | Limited to an area no greater that 5 km^{2} |

Annual fee - (Exempt from GST) | A$3,539 or A$1,770 per km^{2} of the total licence area, whichever is the greater. |

Initial Term | Granted for the same term determined by the Minister. |

*Rates current as at 1 July 2015

Tenement Requirement Summary is a summary of the Petroleum Tenement Legislation.