Document ID: chunk:federal_register_of_legislation:C2004A04045:section:1990:p3
Version: federal_register_of_legislation:C2004A04045
Segment Type: section
Provision Reference: s 1990 (pt 3/4)
Character Range: 4968–7898

this Act prescribing a production area or production areas as an oil producing region with effect from 1 January 1988 or including an additional production area in such a region, regulations made under subsection 5 (3) of the Prices Act as in force from time to time, being regulations made before the making of those first-mentioned regulations, are taken, for the purposes of the Principal Act as amended by this Act, to be, and at all material times to have been, made in respect of that region.

  (4) In subsections (2) and (3):

"Prices Act" means the Petroleum Excise (Prices) Act 1987.

Minister etc. to determine reference prices

  4. Section 5 of the Principal Act is amended:

     (a) by omitting from subsection (1) "shall, before the commencement of each month occurring after 31 December 1987," and substituting "must, before the commencement of

     each month occurring after the VOLWARE commencement date in relation to each oil producing region";

     (b) by inserting in subsection (1) "and that region" after "that month" (wherever occurring);

     (c) by inserting in subsection (2) "and an oil producing region" after "a month";

     (d) by inserting in subsection (2) "and that region" after "for a preceding month";

     (e) by omitting from subsection (2) "reference price" (second occurring) and substituting "first-mentioned reference price";

     (f) by inserting in subsection (2) "in respect of that region" after "VOLWARE price has been determined";

     (g) by inserting in paragraph (3) (a) "and an oil producing region" after "a month";

     (h) by inserting in paragraph (3) (a) "in respect of that region" after "has been determined".

Minister etc. to determine VOLWARE prices

  5. Section 7 of the Principal Act is amended:

     (a) by inserting in subsection (1) "and an oil producing region" after "a month";

     (b) by inserting in subsection (1) "obtained from that region that are" after "excisable crude petroleum oil";

     (c) by omitting from subsection (2) "31 December 1987" and substituting "the VOLWARE commencement date in relation to an oil producing region";

     (d) by inserting in subsection (2) "and that region" after "that month" (wherever occurring);

     (e) by omitting from subsection (3) "31 December 1987" and substituting "the VOLWARE commencement date in relation to an oil producing region";

     (f) by inserting in subsection (3) "and that region" after "that month" (wherever occurring);

     (g) by inserting in subsection (4) "and an oil producing region" after "a month";

     (h) by inserting in subsection (5) "and an oil producing region" after "a month";

     (j) by inserting in subsection (6) "and an oil producing region" after "a month";

     (k) by inserting in subsection (6) "obtained from that region" after "excisable crude petroleum oil";

     (m) by inserting in subsection (8) "and an oil producing region" after "a