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Petroleum Excise (Prices) Act 1987

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

, in relation to a month and an oil producing region, means the price determined under subsection 7(3) for that month and that region.

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
Petroleum Excise (Prices) Act 1987 - 7 Minister etc. to determine VOLWARE prices
interim VOLWARE price

, in relation to a month and an oil producing region, means the price determined under subsection 7(2) for that month and that region.

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
Petroleum Excise (Prices) Act 1987 - 7 Minister etc. to determine VOLWARE prices
limited production area

means a production area that is declared to be a under subsection 6(1B).

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
Petroleum Excise (Prices) Act 1987 - 6 Oil producers to give certain information
month

means one of the 12 s of a calendar year.

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
reviewable decision

means:

(aa) a decision to fix a transaction price under subsection (2); or

(ab) a decision under subsection 6(1B) refusing to declare a production area to be a limited production area; or

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
Petroleum Excise (Prices) Act 1987 - 2 Commencement
Petroleum Excise (Prices) Act 1987 - 6 Oil producers to give certain information
Petroleum Excise (Prices) Act 1987 - 7 Minister etc. to determine VOLWARE prices
transaction price

, in relation to a quantity of excisable crude petroleum oil, means, subject to subsection 7(6):

(a) where the oil producer of the oil has sold the quantity of oil—the price for which it was sold; or

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation
Petroleum Excise (Prices) Act 1987 - 7 Minister etc. to determine VOLWARE prices
VOLWARE commencement date

in relation to excisable crude petroleum oil obtained from an oil producing region means the date prescribed by the regulations as the date after which final VOLWARE prices and interim VOLWARE prices for each month are calculated in relation to that oil, not being a date earlier than 31 December

Petroleum Excise (Prices) Act 1987 Petroleum Excise (Prices) Act 1987 - 4 Interpretation

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