90Ascertainment of quantity of petroleum recovered

90 Ascertainment of quantity of petroleum recovered

90 Ascertainment of quantity of petroleum recovered

For the purposes of this Act, the quantity of petroleum recovered by the holder of a petroleum title during a royalty period is taken to be—

(a) the quantity measured during that period by a measuring device approved by the Minister and installed at the well-head or at such other place as the Minister approves, or

(b) if the Minister is not satisfied that the quantity of petroleum recovered by the holder of the petroleum title has been properly or accurately measured by such a measuring device—the quantity determined by the Minister as being the quantity recovered by the holder of the title during that period.

s 90: Am 2012 No 84, Sch 1.1 [3].