Commonwealth Consolidated Acts Commonwealth Consolidated Acts1 Section 6 AB
Omit ", under by - laws,".
2 Subsection 6CA(1) (definition of prescribed condensate production area )
Repeal the definition, substitute:
"prescribed condensate production area" has the meaning given by subsection ( 1A).
3 After subsection 6CA(1)
Insert:
(1A) Prescribed condensate production area means any of the following:
(a) a condensate production area prescribed by by - laws (which, without limiting the generality of the foregoing, may be a relevant accumulation, a well, an oilfield or a gas field);
(b) the Rankin Trend (see subsection ( 1B) ) .
Note: A by - law may be expressed to take effect before the date it is registered under the Legislative Instruments Act 2003 (see subsection ( 13) of this section).
(1B) Th e Rankin Trend means the area that includes the following :
(a) the reservoirs, or groups of reservoirs, known as:
(i) North Rankin; and
(ii) Perseus; and
(iii) Searipple; and
(iv) Goodwyn; and
(v ) Keast/Dockrell; and
(vi ) Echo/Yodel;
(b) other reservoirs, or groups of reservoirs, (if any) that are specified in the regulations made for the purposes of this paragraph.
(1C) Before the Governor - General makes a regulation specifying a reservoir, or a group of reservoirs, for the purposes of paragraph ( 1B)(b) :
(a) the Resources Minister must be satisfied that the reservoir, or the group of reservoirs, is part of the same field as a reservoir or group of reservoirs mentioned in paragraph ( 1B)(a); and
( b ) if the Resources Minister is so satisfied-- the Resources Minister must consider the effect of specifying the reservoir, or the group of reservoirs, on the efficient exploitation of the resource related to the reservoir, or to the group of reservoirs.
(1D) Despite subsection 12(2) of the Legislative Instruments Act 2003 , regulations specifying a reservoir, or a group of reservoirs, for the purposes of paragraph ( 1B)(b) of this section may be expressed to take effect from a date before the regulations are registered under the Legislative Instruments Act 2003 .
(1E) Subsection ( 1D) does not apply to regulations that create, modify or otherwise affect a provision that makes a person liable to an offence or civil penalty.
4 At the end of the Act (before The Schedule)
Add :
The Governor - General may make regulations prescribing matters required or permitted by this Act to be prescribed.
Part 2 -- Application and savings provisions
5 Application and savings
(1) The amendments made by this Schedule apply in relation to condensate produced after midnight (by legal time in the Australian Capital Territory) on 13 May 2008.
(2) Subitems ( 3) and (4) apply to a by - law if:
(a) the by - law prescribe d a condensate production area for the purposes of the definition of prescribed condensate production are a in subsection 6CA(1) of the Excise Tariff Act 1921 ; and
(b) the by - law was in force immediately before the commencement of this item.
(3) The by - law has effect, on and after the commencement of this item, as if it had been made for the purposes of paragraph ( a) of the definition of prescribed condensate production area in subsection 6CA(1 A ) of the Excise Tariff Act 1921 as amended by this Schedule.
(4) However, the by - law does not have effect, and is taken never to have had effect, to the extent that it prescribe d the Rankin Trend as a condensate production area for the purposes of the definition of prescribed condensate production area in subsection 6CA(1) of the Excise Tariff Act 1921 .