12Transport costs

12 Transport costs

(1) For the purposes of paragraph 8(2)(d) and subsection 10(5): (a) the costs are as follows: (i) freight; (ii) insurance; (iii) demurrage at the port of destination not caused by any action of the producer; (iv) lighterage at the port of destination; (v) wharfage at the port of destination; (vi) heating of the oil or condensate; (vii) bunkers; (viii) survey; and (b) the value of a cost referred to in a subparagraph of paragraph (a) is: (i) if the Minister, or an authorised person, and the producer agree on that value—the value as agreed; or (ii) otherwise—the amount (if any) incurred in respect of that cost; expressed as an amount of Australian dollars to the nearest cent. (2) In agreeing on the value of a cost under subparagraph (1)(b)(i), the Minister, or the authorised person, and the producer are to: (a) include in that value any amount of GST that would be payable on the supply to which that value relates; and (b) exclude from that value the amount of any input tax credit to which the producer would be entitled for the acquisition to which that value relates. (3) In this section:

authorised person means a person for the time being authorised by the Minister to exercise the Minister’s powers under section 7 of the Act.