Petroleum Revenue Act 1985
Term(s) | Definition | Defined in Legislation | See Section(s) |
---|---|---|---|
agreement | includes: (a) a lease; and (b) an agreement as varied by an agreement or by agreements. |
Petroleum Revenue Act 1985 | |
market petroleum | means: (a) petroleum in a form in which petroleum is commonly sold; or (b) a product that is derived from petroleum and is of a kind that is commonly sold; |
Petroleum Revenue Act 1985 | |
petroleum | means: (a) any naturally occurring hydrocarbon, whether in a gaseous, liquid, or solid state; (b) any naturally occurring mixture of hydrocarbons, whether in a gaseous, liquid, or solid state; or |
Petroleum Revenue Act 1985 | |
prescribed petroleum | means: (a) stabilised crude petroleum oil; (b) liquid petroleum obtained from naturally occurring petroleum gas; or |
Petroleum Revenue Act 1985 | |
production source | means: (a) a source of petroleum in a State (which, without limiting the generality of the foregoing, may be a production area within the meaning of section 5B of the Excise Tariff Act 1921 ); or |
Petroleum Revenue Act 1985 | |
production unit | means a production source together with the plant and facilities (wherever situated) used in, or in relation to, the production of market petroleum from that source (other than plant and facilities used in, or in relation to, the refining or transport of market petroleum). |
Petroleum Revenue Act 1985 | |
relevant resource rent royalty agreement | means a resource rent royalty agreement described in Schedule 1. |
Petroleum Revenue Act 1985 | |
relevant revenue‐sharing agreement | means a revenue‐sharing agreement described in Schedule 2. (2) For the purposes of this Act: |
Petroleum Revenue Act 1985 |