1Excise Tariff (Fields) Guidelines 2018

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Commonwealth Coat of Arms of Australia

 

Excise Tariff (Fields) Guidelines 2018

I, Matthew Canavan, Minister for Resources and Northern Australia, make the following Guidelines.

Dated  20 September 2018

Matthew Canavan

Minister for Resources and Northern Australia

 

 

 

Contents

1  Name

2  Commencement

3  Authority

4  Definitions

5  Schedules

6  Definition of field

Schedule 1—Repeals

Excise Tariff (Fields) Guidelines

 

 

 

1  Name

  This instrument is the Excise Tariff (Fields) Guidelines 2018.

2  Commencement

  This instrument commences the day after this instrument is registered.

3  Authority

  This instrument is made under section 3A of the Excise Tariff Act 1921.

4  Definitions

Note: A number of expressions used in this instrument are defined in subsection 3(1) of the Act, including the following:

(a) CEO;

(b) exempt offshore field;

(c) onshore field.

  In this instrument:

Act means the Excise Tariff Act 1921.

reservoir means a porous and permeable underground formation containing an individual and separate natural accumulation of producible hydrocarbons (whether oil or gas, or both) that is:

 (a) confined by impermeable rock or water barriers; and

 (b) characterised by a single natural pressure system.

5  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

6  Definition of field

 (1) In making By-laws prescribing a field for the purposes of the definition of onshore field or exempt offshore field in subsection 3(1) of the Act, the CEO must take into account that, for any of those purposes, field means an area overlying:

 (a) a single reservoir; or