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