21RPM price where information is not available

## 21 RPM price where information is not available (1) This regulation applies if a taxpayer does not have sufficient information to work out the taxpayer’s RPM price for an assessable gas for a year of tax using the residual pricing method. (2) If the taxpayer and the Commissioner are able to agree on a price for this subregulation, that price is the RPM price. (3) If the Commissioner and the taxpayer cannot agree on a price, and the Commissioner is satisfied that a price worked out by the Commissioner using the residual pricing method, and using the information available from other participants in the integrated operation, is a fair and reasonable price, that price is the RPM price. (4) If the Commissioner and the participant cannot agree on a price, but the Commissioner is not satisfied as to a price under subregulation (3), the RPM price is the price determined by the Commissioner as fair and reasonable. > Note: Example 1: If a participant incurs direct costs in the participant’s own right in relation to the integrated operation, and there is no agreement between the participants as to how these costs are to be shared amongst them, information about those direct costs may not be available to the other participants to allow them to work out the RPM price. > Note: Example 2: If a person becomes a participant in the integrated operation, but does not have access to all the information required to work out the RPM price, then this regulation would apply.