Petroleum Resource Rent Tax Assessment Act 1987

PART IV - PETROLEUM PROJECTS  

SECTION 19   PETROLEUM PROJECT  

19(1)    

Subject to subsection (1A) and (1B), for the purposes of this Act, where a production licence is in force and is not specified in a project combination certificate that is in force, there shall be taken to be a petroleum project in relation to the production licence.

19(1A)    
For the purposes of this Act, there is taken to be a single petroleum project in relation to all production licences that are related to the Bass Strait exploration permit and that are in force from time to time, unless those licences are specified in a project combination certificate that is in force.

19(1B)    
For the purposes of this Act, there is taken to be a single petroleum project in relation to all production licences that are related to the North West Shelf exploration permits and that are in force from time to time.

19(2)    

For the purposes of this Act, where 2 or more production licences are specified in a project combination certificate that is in force, there shall be taken to be a petroleum project in relation to such of the production licences as are in force.

19(2A)    
If:

(a) the production licences that are related to the Bass Strait exploration permit are specified in a project combination certificate; and

(b) another production licence that is related to the Bass Strait exploration permit comes into force at a time when the project combination certificate is in force;

the certificate has effect after that time as if the production licence referred to in paragraph (b) were specified in the certificate.

19(2B)    
For the purposes of this Act, there shall be taken to be included, as part of any petroleum project within the meaning of subsection (1) or (2), the carrying on of any processing of external petroleum wholly or partly using the operations, facilities and other things comprising the project:

(a) in the case of a production licence referred to in subsection (1) - while that licence is in force; or

(b) in the case of 2 or more production licences referred to in subsection (2) - while any of those licences are in force.

Note:

Under subsection (4), the operations, facilities and other things comprising the project are limited to those used in relation to petroleum recovered from the one or more production licence areas in relation to the project.

19(2C)    
For the purposes of this Act, there is taken to be included, as part of any petroleum project within the meaning of subsection (1) or (2), the carrying on of any processing of internal petroleum wholly or partly using the operations, facilities and other things comprising the project:

(a) in the case of a production licence referred to in subsection (1) - while that licence is in force; or

(b) in the case of 2 or more production licences referred to in subsection (2) - while any of those licences are in force.

19(3)    

For the purposes of this Act, where any one or more, but not all, of the production licences specified in a project combination certificate that is in force ceases to be in force, the combined project shall be taken to continue to exist in relation to the production licence or production licences that remain in force.

19(4)    
For the purposes of this Act, a reference to the operations, facilities and other things comprising a petroleum project is a reference to:

(a) operations and facilities for the recovery of petroleum from the production licence area or production licence areas in relation to the project; and

(b) such of the following as are carried on or provided:

(i) operations and facilities involved in moving petroleum so recovered between any storage or processing facilities prior to the production of any marketable petroleum commodity from the petroleum;

(ii) operations and facilities involved in the storage, processing or treatment of petroleum so recovered to produce any marketable petroleum commodity from the petroleum;

(iii) operations and facilities involved in the moving or storage of any such marketable petroleum commodity before it becomes an excluded commodity;

(iv) services, or facilities for the provision of services, in connection with the operations, facilities, amenities and services referred to in this section;

(v) employee amenities in connection with the operations, facilities and services referred to in this section;

(vi) operations and facilities, carried on or provided, for an environmental purpose, in relation to the carrying on or provision of the operations, facilities and services referred to in this section.