Excise Tariff Amendment Act 1990 (Cth)

Excise Tariff Amendment Act 1990

No. 112 of 1990

An Act to amend the Excise Tariff Act 1921, and for related purposes

[Assented to 21 December 1990]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title etc.

1. (1) This Act may be cited as the Excise Tariff Amendment Act 1990.

(2) In this Act, "Principal Act" means the Excise Tariff Act 19211.

Commencement

2. (1) Sections 1 and 2 commence on the day this Act receives the Royal Assent.

(2) Paragraphs 3 (a) and (d) are taken to have commenced on 1 July 1984.

(3) Paragraph 3 (b) is taken to have commenced on 30 May 1985.

(4) Paragraph 3 (c) and sections 4, 5, 6, 7, 8 and 10 are taken to have commenced on 1 January 1988.

(5) Section 9 is taken to have commenced on 1 April 1990.

Interpretation

3. Section 3 of the Principal Act is amended:

(a) by omitting the definition of "new oil" from subsection (1) and inserting the following definition:

" 'new oil' means stabilized crude petroleum oil (other than delayed-entry oil or oil in respect of which paragraph 17 (a) (1) in the Schedule applies) produced from:

(a) a relevant accumulation that was discovered on or after 18 September 1975 and before 1 July 1983 by drilling a well that was classified by the Minister, for the purposes of Excise By-law No. 78, as:

(i) a new field discovery; or

(ii) a new pool (pay) discovery; or

(iii) a deeper-pool discovery; or

(iv) a shallower-pool discovery;

subsequent to a determination of the well type by the relevant Energy Minister after drilling and before 1 July 1983; or

(b) a relevant accumulation that was discovered on or after 18 September 1975 and before 1 July 1983 by drilling a well that was not determined by the relevant Energy Minister before 1 July 1983 to be a well of any particular type; or