Document ID: chunk:federal_register_of_legislation:F2022C00635:reg:8:p4
Version: federal_register_of_legislation:F2022C00635
Segment Type: reg
Provision Reference: reg 8 (pt 4/4)
Character Range: 19953–21739

of Australian dollars); and
 (xiii) in a case where the currency of payment is not Australian dollars and the sale price under the contract 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, expressed as amounts of that currency and as equivalent amounts of Australian dollars; and
 (xiv) the effective credit day for the contract; and
 (xv) the number of credit days allowed under the contract; and
 (xvi) the maximum indicator interest rate quoted by the Reserve Bank for the date of entry for home consumption of the oil or condensate or, if that rate is not quoted for that date, the maximum indicator interest rate quoted by the Reserve Bank for the most recent day before that date of entry.
Note: For subparagraphs (viii) and (xiii), the amount (less GST) payable for the supply will be an amount equal to the difference between the price referred to in that subparagraph and the amount of GST.
 (3) For the purposes of subsection 6(1) of the Act, if the transaction concerns excisable crude petroleum oil or excisable condensate that:
 (a) has been entered for home consumption in a month; and
 (b) was produced from a limited production area;
the information that must be given to the Minister in respect of the transaction is the volume of the oil or condensate entered for home consumption by the producer in the month.
 (4) If an oil producer or condensate producer is required by this section to give an amount, the producer must give:
 (a) the actual amount; or
 (b) if this is not reasonably practicable—the producer's best estimate of the amount.
 (5) If an oil producer or condensate producer gives an estimated amount, the producer must state that the amount is an estimate.