Timor Sea Maritime Boundaries Treaty Consequential Amendments Act 2019 (57 of 2019)
Schedule 2 Provisions commencing once Greater Sunrise Production Sharing Contract comes into force
Part 4 Amendment of the Offshore Petroleum and Greenhouse Gas Storage Act 2006
Division 1 Amendments
Offshore Petroleum and Greenhouse Gas Storage Act 2006
31 Subsections 286(1), (2) and (3)
Repeal the subsections, substitute:
Scope
(1) For the purposes of subsection 2C(1) of the Petroleum Resource Rent Tax Assessment Act 1987, this section:
(a) applies in relation to an amount of petroleum that is recovered at a particular time from a Greater Sunrise unit reservoir; and
(b) defines the current apportionment percentage for the amount.