Document ID: chunk:federal_register_of_legislation:C2008A00109:clause:1_4
Version: federal_register_of_legislation:C2008A00109
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3587–4192

4  Subsection 3(1)
Insert:

exempt offshore oil and condensate means the first 4767.3 megalitres of:
 (a) if a particular exempt offshore field produces stabilised crude petroleum oil and condensate—the stabilised crude petroleum oil and condensate that is produced from the field; or
 (b) if a particular exempt offshore field produces either stabilised crude petroleum oil or condensate (but not both)—the stabilised crude petroleum oil or condensate (as the case requires) that is produced from the field;
being a field from which neither petroleum oil nor condensate was produced before 1 July 1987.