Licence Fees

Tenement ONSHORE
Petroleum and Geothermal Energy Act 2000
EXPLORATION (GEL)
Application fee - (Exempt from GST). A$3,739
Maximum area
(one block=5x5 minutes)		 3,000 km2 per GEL
Annual fee - (Onshore inclusive of GST). *minimum A$3,163 or A$1.15 per km2 whichever is the greater.
Initial term of tenement 5 years
Relinquishment at end of term 33.3%
Application for renewal - (Exempt from GST). A$1,869
Application for variation - (Exempt from GST). A$1,869
Application for suspension - (Exempt from GST). A$1,869
Renewal term 5 years
PRODUCTION (GPL)
Application fee - (Exempt from GST). A$3,739
Maximum area 1,000 km2
Annual fee - (Onshore inclusive of GST). *minimum A$3,163 or A$136 per km2 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$3,739
Maximum area 1,000 km2
Annual fee - (Exempt from GST) *minimum A$3,163 or A$136 per km2 whichever is the greater.

5 years
Application for renewal A$1,869
Renewal term Maximum aggregate of 15 years
ASSOCIATED ACTIVITIES LICENCE (AAL)
Application fee - (Exempt from GST). A$3,739
Maximum area Limited to an area no greater that 5 km2
Annual fee - (Exempt from GST)
A$3,163 or A$1,583 per km2 whichever is the greater for a permanent facility or A$3,163 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$3,739
Maximum area
Limited to an area no greater that 5 km2
Annual fee - (Exempt from GST) A$3,163 or A$1,583 per km2 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 2011

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