Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Act:
"month" means one of the 12 months of a year.
"North West" Shelf exploration permit means one of the North West Shelf exploration permits as defined by section 2 of the Petroleum Resource Rent Tax Assessment Act 1987 .
"North West Shelf production licence" means a petroleum production licence that, under the Petroleum Resource Rent Tax Assessment Act 1987 , is related to a North West Shelf exploration permit.
"North West Shelf retention lease" means a petroleum retention lease that, under the Petroleum Resource Rent Tax Assessment Act 1987 , is related to a North West Shelf exploration permit.
"primary petroleum production licence" has the same meaning as in Schedule 4 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 .
"royalty" means royalty payable under section 5.
"royalty period" , in relation to a North West Shelf exploration permit, a North West Shelf retention lease or a North West Shelf production licence, means:
(a) the period beginning on:
(i) the day on which the permit, lease or licence comes or came into force; and
(ii) ending at the end of the month in which that day occurs; and
(b) each later month.
"secondary petroleum production licence" has the same meaning as in Schedule 4 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 .
"State Minister" means the responsible State Minister of Western Australia.
"value" has the meaning given by section 12.
Note: See also section 15, which deals with provisional value.
"wellhead" has the meaning given by section 11.