Commonwealth Numbered Acts

PETROLEUM (TIMOR SEA TREATY) ACT 2003 NO. 9, 2003

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Object of the Act  
   4.      Ministerial Council, Joint Commission and Designated Authority authorised to exercise rights of Australia  
   5.      Definitions  

   PART 2--GENERAL PROVISIONS

   6.      Prospecting for petroleum  
   7.      Petroleum activities  
   8.      Powers of inspectors  
   9.      Jurisdiction of State and Territory courts  
   10.     Northern Territory laws to be applied  

   PART 3--TAX PROVISIONS

           Division 1--Tax provisions

   11.     Definitions  
   12.     Australian tax—Treaty and taxation code have the force of law  
   13.     Medicare levy and Medicare levy surcharge to be treated as income tax  
   14.     Incorporation of Australian tax laws  
   15.     Calculation of gross tax payable for the purposes of rebate calculations under the taxation code  

           Division 2--Application and other provisions

   16.     Definitions  
   17.     Application of taxation codes in relation to business profits and business losses  
   18.     Application of taxation codes in relation to dividends etc.  
   19.     Application of new taxation code in relation to individual residents of East Timor  
   20.     Amendment of assessments for 2001-2002 year of income  

   PART 4--TRANSITIONAL PROVISIONS

   21.     Definitions  
   22.     Retrospective effect of authorities and production sharing contracts  
   23.     Interim Petroleum Mining Code  
   24.     Actions taken under former Petroleum Mining Code  

   PART 5--REGULATIONS

   25.     Regulations  
           SCHEDULE 1 - Timor Sea Treaty