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PETROLEUM EXCISE (PRICES) REGULATIONS 2018 (F2018L00276) - REG 6

Oil producing regions, production areas and VOLWARE commencement dates--stabilised crude petroleum oil

             (1)  This section applies for the purposes of the definitions of oil producing region , production area and VOLWARE commencement date in subsection 4(1) of the Act, to the extent that those definitions relate to stabilised crude petroleum oil.

             (2)  If only one production area is mentioned in an item of the table in subsection (5), that production area is the whole of the oil producing region mentioned in the table item.

             (3)  If more than one production area is mentioned in an item of the table in subsection (5), those production areas are each part of, and together make up, the oil producing region mentioned in the table item.

             (4)  The date specified in an item of the table in subsection (5) is the VOLWARE commencement date for excisable crude petroleum oil obtained from the oil producing region mentioned in the table item.

             (5)  The table is as follows:

 

Oil producing regions, production areas and VOLWARE commencement dates

Item

Oil producing region

Production areas

VOLWARE commencement date

1

Jackson

Jackson

1 November 1990

2

Thevenard Island

(a) Saladin;

(b) Roller/Skate

Date on which total production of stabilised crude petroleum oil in the production areas exceeds 4767.3 megalitres

3

Varanus Island

Harriet/Lenita

Date on which production of stabilised crude petroleum oil in the production area exceeds 4767.3 megalitres

4

North West Shelf project area

(a) Wanaea;

(b) Cossack;

(c) Lambert/Hermes

Date on which total production of stabilised crude petroleum oil in the production areas exceeds 4767.3 megalitres

5

Legendre

Legendre

Date on which production of stabilised crude petroleum oil in the production area exceeds 4767.3 megalitres

Note:          The VOLWARE commencement date for items 2, 3, 4 or 5 is the date on which production from the fields containing the production areas specified in the table item ceases to be exempt from duties of excise under the Excise Tariff Act 1921 .


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