Document ID: chunk:federal_register_of_legislation:C2024C00818:section:2:p5
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 2 (pt 5/9)
Character Range: 21544–24250

in relation to the financial year commencing on 1 July 1980—0.1258; and
 (c) in relation to the financial year commencing on 1 July 1981—0.1548; and
 (d) in relation to the financial year commencing on 1 July 1982—0.1443; and
 (e) in relation to the financial year commencing on 1 July 1983—0.1272; and
 (f) in relation to the financial year commencing on 1 July 1984—0.1341; and
 (g) in relation to the financial year commencing on 1 July 1985—0.1365; and
 (h) in relation to any subsequent financial year that is earlier than the financial year commencing on 1 July 2012—the average, expressed as a decimal fraction, of the assessed secondary market yields in respect of 10‑year non‑rebate Treasury bonds published by the Reserve Bank during that year or, if no assessed secondary market yield in respect of bonds of that kind was published by the Reserve Bank during the year, the decimal fraction determined by the Treasurer by notice in writing published in the Gazette for the purposes of this definition in relation to the financial year; and
 (i) in relation to the financial year commencing on 1 July 2012 and any subsequent financial year—has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997; and
 (j) in relation to a period that is not a financial year—has the same meaning as in subsection 995‑1(1) of the Income Tax Assessment Act 1997.
marketable petroleum commodity has the meaning given by section 2E.
market value, of a commodity, at a particular time, is its market value reduced by an amount equal to the amount of the input tax credit (if any) to which a person would be entitled if:
 (a) the person had acquired the commodity at that time; and
 (b) the acquisition had been solely for a creditable purpose.
North West Shelf exploration permits means the exploration permits known as WA‑1‑P and WA‑28‑P.
North West Shelf project means the petroleum project referred to in subsection 19(1B).
notional tax amount has the meaning given by section 97.
offence against this Act includes an offence against:
 (a) the Crimes Act 1914; or
 (b) the Taxation Administration Act 1953;
relating to this Act.
officer means a person appointed or engaged under the Public Service Act 1999.
oil shale means any shale or other rock (other than coal) from which a fluid consisting of or including hydrocarbons may be extracted or produced.
overall company group has the meaning given by section 2B.
permit derived production licence means a production licence that is derived from an exploration permit.
petroleum means:
 (a) petroleum within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; or
 (b) oil shale.
petroleum project or project means