Div 1Preliminary

Division 1—Preliminary

1 Name

2 Commencement

3 Authority

4 Schedules

Division 2—Definitions

5 Definitions

6 When a relevant GTL operation exists

7 When a relevant GTE operation exists

8 Upstream and downstream stages of relevant operation

9 Phase points of relevant operation

10 Commercial tolling phases

11 When there is multiple use of a phase

12 Participants in a relevant operation

13 Non‑arm’s length transaction

14 Estimated average annual volume or mass of project natural gas

15 Meaning of volume coefficient

16 Meaning of mass coefficient

17 Augmentation of a capital cost

18 Reduction of a capital cost

19 Capital allowance

20 Tolling arrangements and commercial tolling fees

21 Arm’s length conditions

Part 2—Assessable petroleum receipts

22 Assessable petroleum receipts—sales gas of relevant operation with non‑arm’s length sale

23 Sale entitlement share

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

25 Non‑sale entitlement share

26 Advance pricing arrangements

Part 3—The substitute prices

27 The comparable uncontrolled price

28 RPM price (transfer price using the residual pricing method)

29 RPM price where information is not available or where non‑commercial tolling fee is paid

30 Cost‑plus price

31 Netback price

Part 4—The residual pricing method

Division 1—The residual pricing method

32 Costs are net of GST tax credits and adjustments

33 When the residual pricing method can be applied

34 The residual pricing method for working out cost‑plus price and netback price

Division 2—Identifying and classifying included costs

35 Types of cost associated with relevant operation

36 Exclusion of certain costs of relevant operation

37 Direct, indirect and personal costs

38 Exclusion of personal costs of other participants

39 Included costs

40 Capital costs and operating costs

41 Amount and timing of included capital cost

42 Phase costs and upstream and downstream costs