5
In forcePurpose of Part
Part IADetermination of prices for condensate
5 Purpose of Part
(1)
The purpose of this Part is to allow the Minister to establish prices of condensate which are used in imposing duties of excise on condensate.
(2)
It does so by providing that the Act, in addition to its general operation, operates as if:
(a)
references to excisable crude petroleum oil were references to excisable condensate; and
(b)
references to stabilised crude petroleum oil, crude petroleum oil and oil were references to condensate.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.