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 is its value at the well-head as agreed or determined under
section 147.
(2) If, in relation to
petroleum recovered on or after 1 March 1994, the value at the
well-head of that petroleum as agreed or determined under section 147 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 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 145A inserted by No. 11 of 1994
s. 10.]