Document ID: chunk:federal_register_of_legislation:C2011C00549:clause:3_26
Version: federal_register_of_legislation:C2011C00549
Segment Type: clause
Provision Reference: sch 3 cl 26
Character Range: 48501–49298

26  Section 2
Insert:

internal petroleum, in relation to a petroleum project, means petroleum, or constituents of petroleum, recovered from the production licence area or production licence areas in relation to the project, where:
 (a) the petroleum, or the constituents of petroleum, is, or is to be, recovered or processed:
 (i) by a person entitled to derive assessable receipts in relation to the project; and
 (ii) for or on behalf of another person who is entitled to derive assessable receipts in relation to the project; or
 (b) the petroleum, or the constituents of petroleum, is, or is to be, sold:
 (i) by a person entitled to derive assessable receipts in relation to the project; and
 (ii) to another person who is entitled to derive assessable receipts in relation to the project.