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

Schedule 1   Amendments

Part 1   Amendments

Excise Tariff Act 1921

12   Subsection 3(1)

Insert:

pre-threshold onshore oil and condensate means:

(a) if a particular onshore field produces stabilised crude petroleum oil and condensate - stabilised crude petroleum oil and condensate produced from the field after 30 June 1987 that is included in the first 4767.3 megalitres of stabilised crude petroleum oil and condensate produced from the field; or

(b) if a particular onshore field produces stabilised crude petroleum oil but not condensate - stabilised crude petroleum oil produced from the field after 30 June 1987 that is included in the first 4767.3 megalitres of stabilised crude petroleum oil produced from the field; or

(c) if a particular onshore field produces condensate but not stabilised crude petroleum oil - condensate produced from the field after 30 June 1987 that is included in the first 4767.3 megalitres of condensate produced from the field.