Excise Tariff Amendment (Condensate) Act 2008 (109 of 2008)

Schedule 1   Amendments

Part 1   Amendments

Excise Tariff Act 1921

6   Subsection 3(1) (definition of oil producing region )

Repeal the definition, substitute:

oil producing region :

(a) has the same meaning as in the Petroleum Excise (Prices) Act 1987; and

(b) includes:

(i) a production area within the meaning of section 5B, being an area from which condensate is obtained and that is prescribed by the regulations as an oil producing region; or

(ii) 2 or more production areas within the meaning of that section from which condensate is obtained, being areas that are together so prescribed.

Note: Part IA of the Petroleum Excise (Prices) Act 1987 gives that Act operation in relation to condensate in addition to its operation in relation to stabilised crude petroleum oil. Paragraph (b) of this definition ensures that the definition covers production areas from which condensate is obtained.