sec.76Existing election by petroleum producer of liquid petroleum for benchmark price to apply

sec.76 Existing election by petroleum producer of liquid petroleum for benchmark price to apply

This section applies if— a petroleum producer made an election under section 148M(3) of the expired regulation for section 148M(2) of the expired regulation to apply; and immediately before the commencement, the election had not ended. The election is taken to be an election made by the petroleum producer under section 32(3). (sec.76-ssec.1) This section applies if— a petroleum producer made an election under section 148M(3) of the expired regulation for section 148M(2) of the expired regulation to apply; and immediately before the commencement, the election had not ended. (sec.76-ssec.2) The election is taken to be an election made by the petroleum producer under section 32(3).

• (a) a petroleum producer made an election under section 148M(3) of the expired regulation for section 148M(2) of the expired regulation to apply; and
• (b) immediately before the commencement, the election had not ended.