Excise Tariff Amendment (Condensate) Act 2011 (134 of 2011)

Schedule 1   Amendments

Part 1   Amendments

Excise Tariff Act 1921

3   After subsection 6CA(1)

Insert:

(1A) Prescribed condensate production area means any of the following:

(a) a condensate production area prescribed by by-laws (which, without limiting the generality of the foregoing, may be a relevant accumulation, a well, an oilfield or a gas field);

(b) the Rankin Trend (see subsection (1B)).

Note: A by-law may be expressed to take effect before the date it is registered under theLegislative Instruments Act 2003 (see subsection (13) of this section).

(1B) The Rankin Trend means the area that includes the following:

(a) the reservoirs, or groups of reservoirs, known as:

(i) North Rankin; and

(ii) Perseus; and

(iii) Searipple; and

(iv) Goodwyn; and

(v) Keast/Dockrell; and

(vi) Echo/Yodel;

(b) other reservoirs, or groups of reservoirs, (if any) that are specified in the regulations made for the purposes of this paragraph.

(1C) Before the Governor-General makes a regulation specifying a reservoir, or a group of reservoirs, for the purposes of paragraph (1B)(b):

(a) the Resources Minister must be satisfied that the reservoir, or the group of reservoirs, is part of the same field as a reservoir or group of reservoirs mentioned in paragraph (1B)(a); and

(b) if the Resources Minister is so satisfied - the Resources Minister must consider the effect of specifying the reservoir, or the group of reservoirs, on the efficient exploitation of the resource related to the reservoir, or to the group of reservoirs.

(1D) Despite subsection 12(2) of theLegislative Instruments Act 2003, regulations specifying a reservoir, or a group of reservoirs, for the purposes of paragraph (1B)(b) of this section may be expressed to take effect from a date before the regulations are registered under theLegislative Instruments Act 2003.

(1E) Subsection (1D) does not apply to regulations that create, modify or otherwise affect a provision that makes a person liable to an offence or civil penalty.