Petroleum Resource Rent Tax Assessment Act 1987
Where, for the purposes of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 , petroleum recovered from a petroleum pool, within the meaning of that Act, is taken by Division 3 of Part 1.2 of that Act to have been recovered from a particular area or from particular areas in particular proportions, the petroleum shall be taken for the purposes of this Act to have been recovered from that area, or from those areas in those proportions, as the case may be.
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View history noteS 3 amended by No 11 of 2017, s 3 and Sch 1 item 2, by inserting " (1) " before " Where " , effective 23 February 2017.
3(2)
If, for the purposes of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 , petroleum recovered from a part of the seabed is taken by subsection 54(1E) of that Act to have been recovered from a particular area or from particular areas in particular proportions, the petroleum is taken for the purposes of this Act to have been recovered from that area, or from those areas in those proportions, as the case may be.
S 3(2) inserted by No 11 of 2017, s 3 and Sch 1 item 3, effective 23 February 2017.
S 3 amended by No 117 of 2008, s 3 and Sch 3 item 49, by substituting " Offshore Petroleum and Greenhouse Gas Storage Act 2006 " for " Offshore Petroleum Act 2006 " , effective 22 November 2008.
S 3 amended by No 17 of 2006, s 3 and Sch 2 items 88 and 89, by substituting
"
Offshore Petroleum Act 2006
"
for
"
Petroleum (Submerged Lands) Act 2006
"
and substituting
"
Division 3 of Part 1.2
"
for
"
section 6A
"
, effective 1 July 2008. No 17 of 2006, s 3 and Sch 2 item 95 contains the following transitional provision:
to events that occurred, and circumstances that arose, before 1 July 2008:
95 Transitional
-
pre-commencement events and circumstances
95
For the purposes of the application of:
(a)
the
Petroleum Resource Rent Tax Assessment Act 1987
(the
PRRTA Act
; or
(b)
an Act with which the PRRTA Act is incorporated;
…
(d)
section 3 has effect as if:
(i)
a reference to the
Offshore Petroleum Act 2006
included a reference to the repealed
Petroleum (Submerged Lands) Act 1967
; and
(ii)
the reference to Division 3 of Part 1.2 of the
Offshore Petroleum Act 1967
included a reference to section 6A of the repealed
Petroleum (Submerged Lands) Act 1967
;
…
…
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