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Offshore Petroleum (Royalty) Act 2006

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
month

means one of the 12 s of a year.

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
North West

Shelf exploration permit

means one of the Shelf exploration permits as defined by section 2 of the

Petroleum Resource Rent Tax Assessment Act 1987

.

Offshore Petroleum (Royalty) Act 2006
primary petroleum production licence

means a petroleum production licence granted as a result of an application under any of the following provisions:

(a) subclause 2(2) of this Schedule;

(b) subclause 2(4) of this Schedule;

Offshore Petroleum and Greenhouse Gas Storage Act 2006
royalty

means payable under section 5.

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
Offshore Petroleum (Royalty) Act 2006 - 5 Imposition of royalty
royalty period

, in relation to a North West Shelf exploration permit, a North West Shelf retention lease or a North West Shelf production licence, means:

(a) the period beginning on:

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
secondary petroleum production licence

means a petroleum production licence granted as a result of an application under any of the following provisions:

(a) subclause 2(6) of this Schedule;

(b) subclause 4(6) of this Schedule;

Offshore Petroleum and Greenhouse Gas Storage Act 2006
State Minister

means the responsible of Western Australia.

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
value

has the meaning given by section 12.

Note: See also section 15, which deals with provisional value.

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
Offshore Petroleum (Royalty) Act 2006 - 12 Meaning of value
wellhead

has the meaning given by section 11.

Offshore Petroleum (Royalty) Act 2006 Offshore Petroleum (Royalty) Act 2006 - 4 Definitions
Offshore Petroleum (Royalty) Act 2006 - 11 Meaning of wellhead

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