Queensland Numbered Acts

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GAS SECURITY AMENDMENT ACT 2011 No. 16 - SECT 34

34 Amendment of s 148 (Working out wellhead value of petroleum)

(1) Section 148(1), (3), example and (4), first, second and third mentions, 'quarterly period'—

omit, insert—

'royalty return period'.

(2) Section 148(4)(b)—

omit, insert—

'(b) the negative wellhead value may be deducted under subsection (1)(b)(ii) in a later royalty return period in the same annual return period.'.

(3) Section 148(6)—

omit.



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