Petroleum Excise (Prices) Act 1987

An oil producer of excisable crude petroleum oil entered for home consumption during a particular month shall, in respect of each transaction entered into by the producer concerning that oil, give to the Minister such information as is prescribed.

The information prescribed for the purposes of subsection (1) may differ according to whether or not the transaction entered into by the oil producer relates to excisable crude petroleum oil produced from a production area while that area is declared to be a limited production area.

If, in respect of excisable crude petroleum oil produced by an oil producer from a particular production area:

the volume of that oil entered for home consumption before the end of each of 3 consecutive months (whether in the same financial year or not) is less than 80% of the free volume of excisable crude petroleum oil in respect of that month, worked out in accordance with subsection (1G); and

the Minister is satisfied that the volume of that oil likely to be entered for home consumption before the end of any future month is unlikely, having regard to production statistics and any other relevant factor known to the Minister, to exceed 80% of the free volume of that oil in respect of that future month, worked out in accordance with subsection (1G);

If, in respect of excisable crude petroleum oil produced by an oil producer from a particular production area:

paragraph (1B)(a) applies in respect of any period of 3 consecutive months; but

the Minister does not declare that production area to be a limited production area within 15 days after the end of that period;

If, because the Minister does not declare a production area to be a limited production area within 15 days after the end of a period of 3 consecutive months, the Minister is taken, under subsection (1C), to have refused to make that declaration:

that subsection does not prevent the Minister making such a declaration, in accordance with subsection (1B), at the end of any period of 3 consecutive months to which paragraph (1B)(a) applies (a subsequent period) that ends after that first‑mentioned period; but

if the Minister does not, within 15 days after the end of a subsequent period, make such a declaration, the Minister is again taken to have refused, under subsection (1B), to make such a declaration.

If:

a particular production area has been declared to be a limited production area; and

at any time after the declaration, the volume of excisable crude petroleum oil produced in that area and entered for home consumption exceeds the free volume of that oil in respect of that month, worked out in accordance with subsection (1G);

the Minister must, by written notice given to the oil producer concerned, revoke the declaration; and

the producer must give to the Minister, in respect of all excisable crude petroleum oil produced in that area and entered for home consumption after the making of the declaration, the information that, but for the making of the declaration, would have been required in respect of each transaction concerning that oil.

The information required to be given to the Minister under subsection (1E), or particular parts of that information, must be given to the Minister:

unless the Minister otherwise indicates in the notice revoking the declaration—in the form specified for the purpose of subsection (2); and

within a time or times specified by the Minister in that notice.

For the purposes of this section, the free volume of excisable crude petroleum oil that is entered for home consumption before the end of a month is the maximum volume of such oil that, if entered for home consumption before the end of that month would, under section 6B, 6C, 6CA or 6D of the Excise Tariff Act 1921, be a volume of oil to which no notional duty was applicable.

Subsection (4) of section 6B, 6C or 6D of the Excise Tariff Act 1921 specifies, among other things, the minimum volume of oil to which notional duty becomes applicable. The effect of that subsection is modified by subsection (9) of each of those sections.

Subsection 6CA(5) of the Excise Tariff Act 1921 specifies, among other things, the minimum volume of condensate to which notional duty becomes applicable. The effect of that subsection is modified by subsection 6CA(12) of that Act.

The Minister shall, by legislative instrument, specify:

the form in which the information is to be given; and

the times within which the information is, or parts of the information are, to be given;

in the case of a natural person—imprisonment for 12 months or 20 penalty units, or both; or

in the case of a body corporate—100 penalty units.