- Latest available (Revised)
- Original (As enacted)
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
An Act to confer on holders of petroleum production licences an exemption from royalties (including royalties in kind) in respect of petroleum from certain new fields off the coast of Great Britain.
[21st December 1983]
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
(1)Petroleum won and saved from a relevant new field shall be disregarded in determining whether any and, if so, what—
(a)payments of royalty; and
(b)deliveries of petroleum,
are to be made as consideration for the grant of a licence to which this section applies.
(2)This section applies to any licence granted under section 2 of the M1Petroleum (Production) Act 1934 which incorporates all or any of—
(a)the model clauses set out in Schedule 5 to the M2Petroleum (Production) Regulations 1982 (production licences for seaward areas); or
(b)the model clauses referred to in section 19(1)(a), (d) or (e) of the M3Oil and Gas (Enterprise) Act 1982 (corresponding licences issued in accordance with previous legislation),
including, in a case within paragraph (a) above, any licence granted after the passing of this Act.
(3)In this section “petroleum” has the same meaning as in the [F1Part I of the Petroleum Act 1998]and, subject to subsection (4) below, “relevant new field” has the meaning given in section 36 of the M4Finance Act 1983 (increased oil allowance for certain new fields).
(4)If any enactment passed after the said Act of 1983 extends the meaning of relevant new field for the purposes of the said section 36 that extension shall also have effect for the purposes of this section.
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
Modifications etc. (not altering text)
(1)This Act may be cited as the Petroleum Royalties (Relief) Act 1983.
(2)This Act shall come into force at the end of the period of two months beginning with the day on which it is passed.
(3)This Act does not extent to Northern Ireland.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Click 'View More' or select 'More Resources' tab for additional information including: