Western Australian Consolidated Acts Western Australian Consolidated Acts (1) For the purposes
of this Act (but subject to subsection (2)) the royalty value of any
petroleum or geothermal energy is its value at the well-head as agreed or
determined under section 145.
(2) If the value at
the well-head of petroleum or geothermal energy as agreed or determined under
section 145 is calculated in a way that provides for a reduction,
discount, deduction or allowance to be made for federal duty that has been
paid, is payable or may become payable, the royalty value of that petroleum or
geothermal energy is the sum of —
(a) its
value at the well-head as so calculated; and
(b) the
amount of that reduction, discount, deduction or allowance.
(3) In
subsection (2) federal duty means excise duty, or any other tax, duty,
fee, levy or charge (except a tax, duty, fee, levy or charge of a kind
excluded from this definition by the regulations) imposed by or under a law of
the Commonwealth.
[Section 144A inserted by No. 11 of 1994
s. 6; amended by No. 35 of 2007 s. 78.]