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delayed‐entry oil

Term definition

means stabilised crude petroleum oil or condensate (other than oil or condensate in respect of which subitem 20.1 or 21.1 of the Schedule applies) produced from a prescribed source, but not entered for home consumption, before the operative day for that source.

Defined by Legislation
Appears in Legislation

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.