Document ID: chunk:federal_register_of_legislation:C2008A00109:clause:1_6ca:p2
Version: federal_register_of_legislation:C2008A00109
Segment Type: clause
Provision Reference: sch 1 cl 6CA (pt 2/5)
Character Range: 13127–15684

for that area and that month, worked out in accordance with subsection (8).

debited adjustment amount is the debited adjustment amount (if any) for that area and that month, worked out in accordance with subsection (7).

duty paid is the amount of duty (if any) paid in respect of condensate produced from that area and entered for home consumption during the period starting at the start of that financial year and ending at the end of that month.

notional duty is the amount of notional duty in respect of condensate produced from that area and entered for home consumption during the period starting at the start of that financial year and ending at the end of that month, worked out in accordance with subsection (5).

Disregarding certain amounts when working out amount of duty

 (4) In working out, for the purposes of subsection (3), the amount of duty paid in respect of condensate produced from a prescribed condensate production area and entered for home consumption during a period starting at the start of a financial year and ending at the end of a month of that year, the following amounts are to be disregarded:
 (a) any increases in the amount of duty paid as a result of the addition of debited adjustment amounts for that area for any of the preceding months of that year;
 (b) any decreases in that amount as a result of the subtraction of credited adjustment amounts for that area for any of those months.

The total amount of notional duty

 (5) The amount of notional duty in respect of condensate produced from a particular prescribed condensate production area and entered for home consumption during a particular period is the sum of the amounts of notional duty in respect of:
 (a) the quantity (if any) of the condensate that exceeds A  10B but does not exceed A  12B;
 (b) the quantity (if any) of the condensate that exceeds A  12B but does not exceed A  14B;
 (c) the quantity (if any) of the condensate that exceeds A  14B but does not exceed A  16B; and
 (d) the quantity (if any) of the condensate that exceeds A  16B;
where:

A is the number of days in the period.

B is:
 (a) where the period in a year in which there are 365 days—136.98630 kilolitres; or
 (b) where the period is in a year in which there are 366 days—136.61202 kilolitres.

The amount of notional duty for a quantity of condensate—one petroleum price

 (6) Subject to subsections (9) and (12), the amount of notional duty in respect of a quantity of condensate referred to in subsection (5) is an amount equal to the relevant percentage (set out in