Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 1   Extension to onshore projects etc.

Petroleum Resource Rent Tax Assessment Act 1987

10   Section 2 (definition of infrastructure licence )

Repeal the definition, substitute:

infrastructure licence means:

(a) an infrastructure licence within the meaning of section 7 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; or

(b) an authority or right (however described) under another Australian law to construct and operate facilities in a specified area for engaging in any of the following activities (other than an authority or right that is an exploration permit, retention lease, production licence or pipeline licence):

(i) remote control of facilities, structures or installations used to recover petroleum in a production licence area;

(ii) processing petroleum recovered in any place, including converting petroleum into another form by physical or chemical means, or both, and partial processing of petroleum;

(iii) storing petroleum before it is transported to another place;

(iv) preparing petroleum for transport to another place (for example, pumping or compressing);

(v) activities related to any of the above.

Note: The Resources Minister may determine that an authority or right is, or is not, an authority or right of a kind mentioned in this paragraph: see section 2AA.