4Definitions

4 Definitions

In this Act:

month means one of the 12 months of a year.

North West Shelf exploration permit means one of the North West Shelf exploration permits as defined by section 2 of the Petroleum Resource Rent Tax Assessment Act 1987.

North West Shelf production licence means a petroleum production licence that, under the Petroleum Resource Rent Tax Assessment Act 1987, is related to a North West Shelf exploration permit.

North West Shelf retention lease means a petroleum retention lease that, under the Petroleum Resource Rent Tax Assessment Act 1987, is related to a North West Shelf exploration permit.

primary petroleum production licence has the same meaning as in Schedule 4 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

royalty means royalty payable under section 5.

royalty period, in relation to a North West Shelf exploration permit, a North West Shelf retention lease or a North West Shelf production licence, means:

(a) the period beginning on:
(i) the day on which the permit, lease or licence comes or came into force; and
(ii) ending at the end of the month in which that day occurs; and
(b) each later month.

secondary petroleum production licence has the same meaning as in Schedule 4 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

State Minister means the responsible State Minister of Western Australia.

value has the meaning given by section 12.

Note: See also section 15, which deals with provisional value.

wellhead has the meaning given by section 11.