Northern Territory Consolidated Acts Northern Territory Consolidated ActsSection 84 of the Petroleum Act is amended by adding at the end the following:
"(7) In calculating the gross value at the well-head of petroleum for the purposes of this section, subject to subsection (8), an amount or value that affects the calculation is to be taken to be the amount or value exclusive of the amount of GST (if any) payable in relation to a supply to which that amount or value relates.
"(8) Where an amount or value that affects the calculation referred to in subsection (7) is directly attributable to an acquisition that relates to a supply that is input taxed, the amount or value is to be taken to be the amount or value inclusive of the amount of GST (if any) payable in relation to the acquisition to which that amount or value relates.
"(9) In subsections (7) and (8), 'acquisition', 'GST', 'input taxed' and 'supply' have the same respective meanings as in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth.".
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