Document ID: chunk:federal_register_of_legislation:F2022C00635:reg:8:p1
Version: federal_register_of_legislation:F2022C00635
Segment Type: reg
Provision Reference: reg 8 (pt 1/4)
Character Range: 13011–15547

8  Transactions entered into—prescribed information for giving to the Minister
 (1) For the purposes of subsection 6(1) of the Act, the information in subsection (2) of this section must be given to the Minister in respect of each transaction concerning excisable crude petroleum oil or excisable condensate that:
 (a) has been entered for home consumption in a month; and
 (b) was not produced from a limited production area.
 (2) The information is as follows:
 (a) whether the producer and the other party or parties to the transaction, or the producer and any of the parties to the transaction, are associates of each other;
 (b) whether under the transaction the oil or condensate is to be loaded on a ship or ships or delivered by pipeline;
 (c) if under the transaction all or part of that oil or condensate is loaded on a ship under a contract:
 (i) the name of the producer; and
 (ii) the date of the contract; and
 (iii) the number of the contract, or the shipment number, allocated by the producer; and
 (iv) the purchaser's name; and
 (v) whether the sale is a domestic sale or an export sale; and
 (vi) in a case where the contract so specifies—the destination of the oil or condensate; and
 (vii) the name of the ship; and
 (viii) the number of the bill of lading relating to the oil or condensate; and
 (ix) the date of entry of the oil or condensate for home consumption; and
 (x) the quantity of the oil or condensate loaded on the ship (expressed in kilolitres and in barrels); and
 (xi) in a case where the contract is not an f.o.b. contract or any other contract under which the quantity of oil or condensate sold is the quantity of oil or condensate loaded on the ship—the quantity of the oil or condensate delivered under the contract (expressed as an amount of kilolitres and as an equivalent amount of barrels); and
 (xii) whether the contract is an f.o.b. contract; and
 (xiii) the price per kilolitre or per barrel for the oil or condensate; and
 (xiv) if the price given under subparagraph (xiii) includes an amount of GST payable on the supply to which that price relates—the amount of GST, and the amount (less GST) payable for the supply; and
 (xv) the due date for payment of the sale price under the contract; and
 (xvi) the currency in which payment of the sale price is to be made (the currency of payment); and
 (xvii) in a case where the currency of payment is not Australian dollars—the mid‑rate quoted by the Reserve Bank for that currency for the due date for payment of the sale price or, if that