Petroleum and Gas (Royalty) Regulation 2021
sec.12Notification of status when petroleum producer, or reseller for producer, sells to member of LNG project
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sec.12 Notification of status when petroleum producer, or reseller for producer, sells to member of LNG project
This section applies if a person— is a member of an LNG project; and purchases gas from a petroleum producer, or a reseller for the producer, who is not a member of the LNG project mentioned in paragraph (a) . The person must, as soon as reasonably practicable after the purchase, give the petroleum producer, or the reseller for the producer, a notice stating that the person is a member of the LNG project. Maximum penalty—100 penalty units. However, subsection (2) does not apply if the person has already given the petroleum producer, or the reseller for the producer, a notice stating that the person is a member of the LNG project. The revenue commissioner may tell the petroleum producer, or the reseller for the producer, that the person is a member of the LNG project. (sec.12-ssec.1) This section applies if a person— is a member of an LNG project; and purchases gas from a petroleum producer, or a reseller for the producer, who is not a member of the LNG project mentioned in paragraph (a) . (sec.12-ssec.2) The person must, as soon as reasonably practicable after the purchase, give the petroleum producer, or the reseller for the producer, a notice stating that the person is a member of the LNG project. Maximum penalty—100 penalty units. (sec.12-ssec.3) However, subsection (2) does not apply if the person has already given the petroleum producer, or the reseller for the producer, a notice stating that the person is a member of the LNG project. (sec.12-ssec.4) The revenue commissioner may tell the petroleum producer, or the reseller for the producer, that the person is a member of the LNG project.
- (a) is a member of an LNG project; and
- (b) purchases gas from a petroleum producer, or a reseller for the producer, who is not a member of the LNG project mentioned in paragraph (a) .