Document ID: chunk:federal_register_of_legislation:C2011A00136:clause:2_2e
Version: federal_register_of_legislation:C2011A00136
Segment Type: clause
Provision Reference: sch 2 cl 2E
Character Range: 4844–5620

2E  Marketable petroleum commodity
 (1) A marketable petroleum commodity is a product listed in subsection (2) that:
 (a) is produced from petroleum for the purpose of:
 (i) sale; or
 (ii) use as a feedstock for conversion to another product (whether a product listed in subsection (2) or not); or
 (iii) direct consumption as energy; and
 (b) is in its final form for that purpose.
 (2) The products are as follows:
 (a) stabilised crude oil;
 (b) sales gas;
 (c) condensate;
 (d) liquefied petroleum gas;
 (e) ethane;
 (f) any other product specified in regulations made for the purposes of this paragraph.
 (3) However, a product cannot be a marketable petroleum commodity if it has been produced wholly or partly from a product that was a marketable petroleum commodity.