Petroleum Excise (Prices) Amendment Act 1990 (Cth)

Petroleum Excise (Prices) Amendment Act 1990

No. 114 of 1990

An Act to amend the Petroleum Excise (Prices) Act 1987, 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 Petroleum Excise (Prices) Amendment Act 1990.

(2) In this Act, "Principal Act" means the Petroleum Excise (Prices) Act 19871.

Commencement

2. This Act is taken to have commenced on 26 December 1987.

Interpretation

3. (1) Section 4 of the Principal Act is amended:

(a) by inserting in the definition of "final VOLWARE price" in subsection (1) "and an oil producing region" after "a month";

(b) by inserting in the definition of "final VOLWARE price" in subsection (1) "and that region" after "that month";

(c) by inserting in the definition of "interim VOLWARE price" in subsection (1) "and an oil producing region" after "a month";

(d) by inserting in the definition of "interim VOLWARE price" in subsection (1) "and that region" after "that month";

(e) by inserting in the definition of "reference price" in subsection (1) "and an oil producing region" after "a month";

(f) by inserting in the definition of "reference price" in subsection (1) "and that region" after "that month";

(g) by inserting in the definition of "reviewable decision" in subsection (1) "and an oil producing region" after "a month" (wherever occurring);

(h) by omitting from subsection (1) the definition of "oil producer" and substituting the following definition:

" 'oil producer' means a person who carries on operations for the recovery of stabilised crude petroleum oil and:

(a) if that oil is obtained from an oil producing region that is located, in whole or in part, on the landward side of the outer limits of the territorial sea of Australia—is the holder of a lease or licence (however described) authorising the obtaining of that oil or a part of that oil, being a lease or licence that is issued under the appropriate law of a State or Territory in which, or in the territorial sea adjacent to which, that region, or a part of that region, is located; or