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.