Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) The Commissioner may, at the request of a participant in an integrated operation, make an agreement ( advance pricing arrangement ) with the participant about how the assessable petroleum receipts of the participant are to be calculated in relation to project sales gas or project natural gas to which paragraph 24(1)(d), (e) or (f) of the Act applies.
(2) An advance pricing arrangement must specify:
(a) the term of the arrangement; and
(b) how the assessable receipts of the participant are to be calculated; and
(c) conditions under which the arrangement will apply.