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PETROLEUM REVENUE ACT 1985 - NOTES

Act No. 188 of 1985 as amended

This compilation was prepared on 27 October 2008
taking into account amendments up to Act No. 108 of 2008

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department,
Canberra

  

  

  


Contents

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ...................................................................................... 1

4............ No discrimination or preference ......................................................... 3

5............ Relevant revenue‑sharing agreements ................................................. 3

6............ Exemption from Excise duty .............................................................. 3

7............ Excise Act ........................................................................................... 4

8............ Repayments ........................................................................................ 5

Schedule 1--Relevant resource rent royalty agreement                                  6

Schedule 2--Relevant revenue‑sharing agreement                                           13

Notes                                                                                                                                             17


An Act relating to revenue from petroleum

 

1  Short title [see Note 1]

                   This Act may be cited as the Petroleum Revenue Act 1985.

Notes to the Petroleum Revenue Act 1985

Note 1

The Petroleum Revenue Act 1985 as shown in this compilation comprises Act No. 188, 1985 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Petroleum Revenue Act 1985

188, 1985

16 Dec 1985

3 Mar 1986 (see Gazette 1986,
No. S79)

 

Excise Legislation Amendment (Condensate) Act 2008

108, 2008

18 Oct 2008

Schedule 1 (items 11-13(1)): 18 Oct 2008

Sch. 1 (item 13(1))


Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

S. 7.......................................

am. No. 108, 2008


Table A

Application, saving or transitional provisions

Excise Legislation Amendment (Condensate) Act 2008 (No. 108, 2008)

Schedule 1

13  Application

Application of Schedule

(1)        The amendments made by this Schedule apply in relation to condensate produced after midnight (by legal time in the Australian Capital Territory) on 13 May 2008.


 



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