Document ID: chunk:federal_register_of_legislation:F2024L00964:reg:5:p2
Version: federal_register_of_legislation:F2024L00964
Segment Type: reg
Provision Reference: reg 5 (pt 2/3)
Character Range: 7645–10520

relevant GTE operation for the purposes of working out assessable petroleum receipts relating to sales gas—subsection 8(3).
estimated average annual mass of project natural gas, for a relevant operation, has the meaning given by subsection 14(7).
estimated average annual volume of project natural gas, for a relevant operation, has the meaning given by subsection 14(6).
estimated operating life, of a relevant operation, has the meaning given by subsection 14(8).
included cost has the meaning given by section 39.
indirect cost has the meaning given by subsection 37(5).
mass coefficient, for a relevant operation in a year of tax, has the meaning given by subsection 16(2).
MPC production year has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(9); and
 (b) for a relevant GTE operation—subsection 7(9).
multiple use, of a unit of property, has the meaning given by section 11.
netback price has the meaning given by section 31.
non‑arm's length transaction has the meaning given by section 13.
non‑sale entitlement share has the meaning given by section 25.
non‑sale transaction has the meaning given by subsection 24(2).
operating cost has the meaning given by subsection 40(3).
operating life has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(8); and
 (b) for a relevant GTE operation—subsection 7(8).
participant, in a relevant operation, has the meaning given by section 12.
personal cost has the meaning given by subsection 37(6).
petroleum product, of an operation, means petroleum, or a product of petroleum, that is recovered, produced or processed in the operation.
phase, of a relevant operation, has the meaning given by subsection 9(3), subject to section 10.
phase cost, for a phase of a relevant operation, means the phase cost worked out using subsections 42(2) and (3).
phase point: see sections 9 and 10.
production date has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(7); and
 (b) for a relevant GTE operation—subsection 7(7).
production year has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(6); and
 (b) for a relevant GTE operation—subsection 7(6).
project electricity, of a relevant GTE operation, has the meaning given by subsection 7(4).
project liquid, of a relevant GTL operation, has the meaning given by subsection 6(4).
project natural gas has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(2); and
 (b) for a relevant GTE operation—subsection 7(2).
project product has the meaning given by:
 (a) for a relevant GTL operation—subsection 6(5); and
 (b) for a relevant 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