15Assessable petroleum receipts—sales gas of integrated operation becoming excluded commodity other than by being sold

## 15 Assessable petroleum receipts—sales gas of integrated operation becoming excluded commodity other than by being sold #### 15 Assessable petroleum receipts—sales gas of integrated operation becoming excluded commodity other than by being sold (1) For paragraph 24(1)(e) of the Act, this regulation applies to sales gas that becomes or became an excluded commodity if it is project sales gas of an integrated operation. (2) If an advance pricing arrangement applies to the transaction, the amount of assessable petroleum receipts of a taxpayer is the amount calculated in accordance with the arrangement. (3) The assessable petroleum receipts of a taxpayer in relation to the transaction is the amount calculated under subregulation (4) if: (4) The amount is the comparable uncontrolled price multiplied by the volume or mass of project sales gas subject to the transaction. (5) The assessable petroleum receipts of a taxpayer in relation to the transaction is the amount calculated under subregulation (6) if: (6) The amount is the RPM price of project sales gas for the taxpayer in the year of tax in which the transaction took place multiplied by the volume or mass of project sales gas subject to the transaction.