Western Australian Current Acts Western Australian Current Acts (1) For the purposes
of this Act (but subject to subsection (2)) the royalty value of any petroleum
is its value at the well-head as agreed or determined under section 147.
(2) If, in relation to
petroleum recovered on or after 1 March 1994, the value at the well-head of
that petroleum as agreed or determined under section 147 is calculated in a
way that provides for a reduction, discount, deduction or allowance to be made
for federal duty that has been paid, is payable or may become payable, the
royalty value of that petroleum is the sum of —
(a) its
value at the well-head as so calculated; and
(b) the
amount of that reduction, discount, deduction or allowance.
(3) In subsection (2)
federal duty means excise duty, or any other tax, duty, fee, levy or charge
(except a tax, duty, fee, levy or charge of a kind excluded from this
definition by the regulations) imposed by or under a law of the Commonwealth.
[Section 145A inserted: No. 11 of 1994 s. 10.]