Excise Tariff (Fields) Guidelines 2018

This instrument is the Excise Tariff (Fields) Guidelines 2018.

This instrument commences the day after this instrument is registered.

This instrument is made under section 3A of the Excise Tariff Act 1921.

Note: A number of expressions used in this instrument are defined in subsection 3(1) of the Act, including the following:

CEO;

exempt offshore field;

onshore field.

In this instrument:

Act means the Excise Tariff Act 1921.

reservoir means a porous and permeable underground formation containing an individual and separate natural accumulation of producible hydrocarbons (whether oil or gas, or both) that is:

confined by impermeable rock or water barriers; and

characterised by a single natural pressure system.

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

In making By-laws prescribing a field for the purposes of the definition of onshore field or exempt offshore field in subsection 3(1) of the Act, the CEO must take into account that, for any of those purposes, field means an area overlying:

a single reservoir; or

two or more reservoirs, all grouped on, or related to, the same individual geological structure and/or stratigraphic condition.

For the purposes of paragraph (1)(b) of this section, 2 or more reservoirs may be within one field despite being separated:

vertically by intervening impervious strata; and/or

laterally by local geological barriers.

For the purposes of paragraph (1)(b) of this section:

reservoirs do not belong to the same field if:

they are located in separate culminations of one gross geological structure or in widely separated locations of the same stratigraphic trap situation; and

the horizontal separation of the areas overlying the productive reservoirs exceeds 1 kilometre; and

2 or more reservoirs that occur in, or are related to, different geological structures and/or stratigraphic conditions, belong to the same field if the reservoirs:

are vertically above the other; and

overlap in horizontal extent.

Schedule 1—Repeals

Excise Tariff (Fields) Guidelines

1 The whole of the instrument

Repeal the instrument