sec.40Definitions for part

sec.40 Definitions for part

In this part— component , of the wellhead value of geothermal energy produced by or for a geothermal producer in a royalty return period, means— an element used to work out the projected amount under section 43 (1) (a) for the geothermal energy; or an expense, or an amount contributing to an expense, mentioned in section 41 (1) (a) , (c) or (d) , for the geothermal energy. geothermal royalty decision see section 45 (1) . operating expenses , for geothermal energy produced by or for a geothermal producer in a royalty return period, see section 41 . royalty return period means each of the following 3-month periods in a year— 1 January to 31 March; 1 April to 30 June; 1 July to 30 September; 1 October to 31 December. wellhead value , of geothermal energy produced by or for a geothermal producer in a royalty return period, means the wellhead value worked out for the geothermal energy under section 43 for the period.

• (a) an element used to work out the projected amount under section 43 (1) (a) for the geothermal energy; or
• (b) an expense, or an amount contributing to an expense, mentioned in section 41 (1) (a) , (c) or (d) , for the geothermal energy.
• (a) 1 January to 31 March;
• (b) 1 April to 30 June;
• (c) 1 July to 30 September;
• (d) 1 October to 31 December.