Document ID: chunk:federal_register_of_legislation:C2024C00818:section:2:p4
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 2 (pt 4/9)
Character Range: 19072–21777

the issue of a project combination certificate during the financial year.
infrastructure licence has the meaning given by section 7 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
input tax credit has the meaning given by section 195‑1 of the GST Act.
instalment of tax means an instalment of tax payable under Division 2 of Part VIII.
instalment percentage, in relation to an instalment period in a year of tax, means:
 (a) in the case of the first instalment period in the year of tax—25%;
 (b) in the case of the second instalment period in the year of tax—50%; and
 (c) in the case of the third instalment period in the year of tax—75%.
instalment period, in relation to an instalment of tax in a year of tax, means the period commencing at the beginning of the year of tax and ending at the end of the month preceding that in which the instalment is due and payable.
instalment transfer has the meaning given by subsection 45E(5).
instalment transfer charge period has the meaning given by subsection 98A(4).
instalment transfer excess has the meaning given by subsection 98A(1).
instalment transfer interest charge has the meaning given by subsection 98A(4).
internal petroleum, in relation to a petroleum project, means petroleum, or constituents of petroleum, recovered from the production licence area or production licence areas in relation to the project, where:
 (a) the petroleum, or the constituents of petroleum, is, or is to be, recovered or processed:
 (i) by a person entitled to derive assessable receipts in relation to the project; and
 (ii) for or on behalf of another person who is entitled to derive assessable receipts in relation to the project; or
 (b) the petroleum, or the constituents of petroleum, is, or is to be, sold:
 (i) by a person entitled to derive assessable receipts in relation to the project; and
 (ii) to another person who is entitled to derive assessable receipts in relation to the project.
lease derived production licence means a production licence that is derived from a retention lease.
liable person has the meaning given by subsection 98A(1).
licensed property, in relation to a petroleum project, has the meaning given by paragraph 2D(1)(b).
liquefied petroleum gas means a mixture that includes propane and butane, where the propane and butane comprise more than 50% by weight of the mixture.
long‑term bond rate means:
 (a) in relation to the financial year commencing on 1 July 1979—0.1066; and
 (b) 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