PETROLEUM ACT 1998 - SECT 155 Circumstances in which royalty is not payable

PETROLEUM ACT 1998 - SECT 155

A royalty is not payable in respect of petroleum—

        (a)     that the Minister is satisfied was unavoidably lost before its quantity was ascertained; or

        (b)     that is used by the holder of a production licence for the purposes of a petroleum operation with the approval of the Minister; or

        (c)     that, with the approval of the Minister, is flared or vented in connection with operations for the extraction or recovery of petroleum; or

        (d)     that is injected back into the reservoir from which it came with the approval of the Minister; or

        (e)     that the Minister identifies as petroleum in respect of which royalty has already been paid; or

        (f)     that was extracted or recovered from land outside Victoria and injected into a reservoir in Victoria.