Marginal note:Application

204. This Part applies to every interest or right in petroleum acquired or vested before the coming into force of this section and is binding on Her Majesty in right of Canada or a province.

Marginal note:Operating licences

• 205. (1) Where an operating licence was issued under subsection 3.2(1) of the Oil and Gas Production and Conservation Act and is in force on the coming into force of this section, it shall be deemed to be an operating licence issued by the Board under this Part.

• Marginal note:Authorizations and development plan approval

  (2) Where, prior to the coming into force of this section, authorization for any work or activity or approval of a development plan was given under subsection 3.2(1) of the Oil and Gas Production and Conservation Act or any regulation made under that Act, the authorization or approval shall be deemed to have been given by the Board under this Part.

Marginal note:Definitions

206. In this Part,

“Newfoundland Consumption Tax Acts”

« lois sur l’impôt indirect »

“Newfoundland Consumption Tax Acts” means The Retail Sales Tax Act, 1978, Chapter 36 of the Statutes of Newfoundland, 1978, as amended from time to time, The Gasoline Tax Act, 1978, Chapter 39 of the Statutes of Newfoundland, 1978, as amended from time to time, The Tobacco Tax Act, 1978, Chapter 38 of the Statutes of Newfoundland, 1978, as amended from time to time and The Insurance Premiums Tax Act, 1978, Chapter 40 of the Statutes of Newfoundland, 1978, as amended from time to time and any other Act of the Legislature of the Province, as amended from time to time, as may be prescribed;

“Newfoundland Income Tax Act”

« loi sur l’impôt direct »

“Newfoundland Income Tax Act” means The Income Tax Act, Chapter 163 of the Revised Statutes of Newfoundland, 1970, as amended from time to time;

“Newfoundland Insurance Companies Tax Act”

« loi sur l’imposition des compagnies d’assurances »

“Newfoundland Insurance Companies Tax Act” means The Insurance Companies Tax Act, Chapter 177 of the Revised Statutes of Newfoundland, 1970, as amended from time to time;

“Petroleum and Natural Gas Act”

Version anglaise seulement

“Petroleum and Natural Gas Act” means The Petroleum and Natural Gas Act, Chapter 294 of the Revised Statutes of Newfoundland, 1970, as amended from time to time;

“Revenue Fund”

« Fonds de recettes »

“Revenue Fund” means the account established under section 214.