Document ID: chunk:federal_register_of_legislation:F2024L00964:reg:5:p3
Version: federal_register_of_legislation:F2024L00964
Segment Type: reg
Provision Reference: reg 5 (pt 3/3)
Character Range: 10261–12242

GTE operation—subsection 7(5).
project sales gas has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(3); and
 (b) for a relevant GTE operation—subsection 7(3).
reduced, for a capital cost, has the meaning given by section 18.
relevant GTE operation has the meaning given by subsection 7(1).
relevant GTL operation has the meaning given by subsection 6(1).
relevant operation means a relevant GTE operation or a relevant GTL operation.
relevant sector cost has the meaning given by subsection 37(2).
residual pricing method means the method statement in section 34.
RPM price, for a participant in a relevant operation in a year of tax, has the meaning given by sections 28 and 29.
sale entitlement share has the meaning given by section 23.
source project, in relation to a relevant operation, means the petroleum project from which petroleum is, or will be, recovered in the relevant operation.
start date, for a capital cost incurred in a relevant operation, means 1 January of the financial year in which the cost is incurred.
taxpayer, in relation to a relevant operation, means a person:
 (a) who holds an interest in the operation that entitles the person, at the end of at least one phase, to:
 (i) petroleum product of the operation, other than petroleum product that is destroyed, used as fuel or otherwise consumed in the operation; or
 (ii) electricity produced in the operation; and
 (b) whose assessable petroleum receipts in relation to sales gas from the operation are to be worked out under this instrument because of section 22 or 24.
tolling arrangement, in relation to a relevant operation, has the meaning given by section 20.
upstream, for a cost, has the meaning given by subsection 42(5).
upstream stage, for the purposes of working out assessable petroleum receipts relating to sales gas, has the meaning given by subsection 8(1).
volume coefficient, for a relevant operation in a year of tax, has the meaning given by subsection 15(2).