1Bass Strait Freight Adjustment Levy Act 1984

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Bass Strait Freight Adjustment Levy Act 1984

No. 25 of 1984

An Act to impose a levy upon certain crude oil

[Assented to 26 April 1984]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title

1. This Act may be cited as the Bass Strait Freight Adjustment Levy Act 1984.

Commencement

2. This Act shall be deemed to have come into operation on 1 January 1984.

Collection Act to be read with this Act

3. The Bass Strait Freight Adjustment Levy Collection Act 1984 shall be incorporated and read as one with this Act.

Interpretation

4. In this Act, unless the contrary intention appears—

“adjustment levy” means the levy imposed by this Act;

“Australian installation” means an installation (within the meaning of the Customs Act 1901) that is deemed to be part of Australia by virtue of the operation of section 5 of the Customs Tariff Act 1982.

Imposition of levy

5. A levy is imposed on unstabilized crude petroleum oil produced at an Australian installation in the Gippsland Basin in Bass Strait.

Rate of levy

6. The rate of adjustment levy is $1.26 per kilolitre.

By whom levy is payable

7. Adjustment levy in respect of unstabilized crude petroleum oil is payable by the producer of the oil.