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Part SChedule 1 - Federal Financial Relations (General Purpose Financial Assistance) Determination No. 21 (December 2010) | Zoe

SChedule 1

Summary of Relevant Agreements for General Purpose financial Assistance

Payment title	Purpose	Relevant agreement
Royalty payments
— Offshore Petroleum and Greenhouse Gas Storage Act 2006	The Commonwealth provides general purpose financial assistance to Western Australia from royalties payable under the Offshore Petroleum (Royalty) Act 2006 in respect of the North West Shelf oil and gas project off the coast of Western Australia. The Commonwealth collects these royalties because it has jurisdiction over off‑shore areas.These royalties will be shared between the Commonwealth (approximately one third) and Western Australia (approximately two thirds). These payment arrangements are in accordance with section 75 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.	Schedule D – Payment arrangement of the Intergovernmental Agreement
Compensation for impact on royalties of excise amendment	The Commonwealth provides general purpose financial assistance to compensate Western Australia for the loss of royalty revenue resulting from the removal in the 2008-09 Budget of the exemption of condensate from crude oil excise.	Schedule D – Payment arrangement of the Intergovernmental Agreement
ACT Municipal Services	The Commonwealth provides general purpose financial assistance to the Australian Capital Territory to:• assist in meeting the additional municipal costs which arise from Canberra's role as the national capital; and• compensate the Australian Capital Territory for additional costs resulting from the national capital planning influences on the provision of water and sewerage services.	Schedule D – Payment arrangement of the Intergovernmental Agreement

Schedule 2

Amounts of General Purpose financial assistance for payment on 21 December 2010 ($)

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