Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 1   Extension to onshore projects etc.

Petroleum Resource Rent Tax Assessment Act 1987

17   Section 2 (definition of pipeline licence )

Repeal the definition, substitute:

pipeline licence means:

(a) a pipeline licence within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; or

(b) an authority or right (however described) under another Australian law:

(i) to construct a pipeline in a specified area in accordance with any specified conditions; and

(ii) to construct in that area specified pumping stations, tank stations and valve stations at specified positions; and

(iii) to operate that pipeline and those pumping stations, tank stations and valve stations; and

(iv) to carry on such operations, to execute such works and to do all such other things in that area as are necessary for, or incidental to, the construction or operation of that pipeline and those pumping stations, tank stations and valve stations.

Note: The Resources Minister may determine that an authority or right is, or is not, an authority or right of a kind mentioned in this paragraph: see section 2AA.