4Interpretation

4 Interpretation

(1) In this Act, unless the contrary intention appears:

excisable condensate means condensate in respect of which subitem 21.3 of the Schedule to the Excise Tariff Act 1921 applies, or will, upon the entry of the condensate for home consumption, apply.

excisable crude petroleum oil means stabilised crude petroleum oil in respect of which subitem 20.5, 20.6 or 20.7 of the Schedule to the Excise Tariff Act 1921 applies, or will, upon the entry of the oil for home consumption, apply.

final VOLWARE price, in relation to a month and an oil producing region, means the price determined under subsection 7(3) for that month and that region.

interim VOLWARE price, in relation to a month and an oil producing region, means the price determined under subsection 7(2) for that month and that region.

limited production area means a production area that is declared to be a limited production area under subsection 6(1B).

month means one of the 12 months of a calendar year.

oil producer means a person who carries on operations for the recovery of stabilised crude petroleum oil and:

(a) if that oil is obtained from an oil producing region that is located, in whole or in part, on the landward side of the outer limits of the territorial sea of Australia—is the holder of a lease or licence (however described) authorising the obtaining of that oil or a part of that oil, being a lease or licence that is issued under the appropriate law of a State or Territory in which, or in the territorial sea adjacent to which, that region, or a part of that region, is located; or
(b) if that oil is obtained from an oil producing region that is located, in whole or in part, beyond the outer limits of the territorial sea of Australia—is a petroleum production licensee within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

oil producing region means:

(a) a production area within the meaning of section 5B of the Excise Tariff Act 1921, being an area from which stabilised crude petroleum oil is obtained and that is prescribed by the regulations as an oil producing region; or
(b) 2 or more production areas within the meaning of that section from which stabilised crude petroleum oil is obtained, being areas that are together so prescribed.

production area means a production area within the meaning of section 5B of the Excise Tariff Act 1921: