6 An application for payment under section 241 of the Act shall be made not later than six months after the date of the coming into force of these Regulations.
4 (1) Nova Scotia Resources (Ventures) Limited may make up to four applications for payment under section 240 of the Act in respect of eligible expenses incurred or deemed to be incurred in a calendar year.
(2) Notwithstanding subsection (1), Nova Scotia Resources (Ventures) Limited may make applications for payment under section 240 of the Act as frequently as once a month while it is incurring expenses in respect of the drilling of a well in the offshore area.
Whereas, pursuant to section 6 of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation ActFootnote *, the Minister of Energy, Mines and Resources has consulted the Minister of Mines and Energy for the Province of Nova Scotia with respect to the annexed Regulations respecting assistance to Nova Scotia Resources (Ventures) Limited in respect of Canadian exploration expenses and Canadian development expenses incurred in the Nova Scotia offshore area, and the latter Minister has approved the making of these Regulations;
[...]
Therefore, His Excellency the Governor General in Council, on the recommendation of the Minister of Energy, Mines and Resources, pursuant to section 245 of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation ActFootnote *, is pleased hereby to make the annexed Regulations respecting assistance to Nova Scotia Resources (Ventures) Limited in respect of Canadian exploration expenses and Canadian development expenses incurred in the Nova Scotia offshore area.
5 (1) Subject to subsections (2) and (3), an application for payment referred to in section 4 shall be made not later than six months after the last day of the calendar year in which the expenses were incurred or deemed to be incurred.
(4) Notwithstanding anything in this section, an application for payment referred to in section 4 shall be made not later than December 31, 1993.
2 In these Regulations,
Act means the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act; (Loi)
activity means an exploration or development activity for which an authorization has been given pursuant to paragraph 142(1)(b) of the Act; (activité)
