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

Schedule 1   Amendments

Part 1   Amendments

Excise Tariff Act 1921

4   Subsection 3(1)

Insert:

exempt offshore oil and condensate means the first 4767.3 megalitres of:

(a) if a particular exempt offshore field produces stabilised crude petroleum oil and condensate - the stabilised crude petroleum oil and condensate that is produced from the field; or

(b) if a particular exempt offshore field produces either stabilised crude petroleum oil or condensate (but not both) - the stabilised crude petroleum oil or condensate (as the case requires) that is produced from the field;

being a field from which neither petroleum oil nor condensate was produced before 1 July 1987.