House of Representatives Committees

| House of Representatives Agriculture, Resources, Fisheries and Forestry

Footnotes

Chapter 1 The Excise Tariff Amendment (Condensate) Bill 2011 and the Excise Legislation Amendment (Condensate) Bill 2011

[1] Treasury, Submission 1, p. 1.

[2] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[3] As detailed later in the report, the North West Shelf project is operated by the North West Shelf Joint Venture Partners and Woodside Petroleum is the project operator.

[4] <http://www.aph.gov.au/house/committee/arff/condensate/index.htm>

[5] According to the Treasury submission condensate is a light crude oil.

[6] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 5.

[7] Hon W. Swan MP, Media Release, 13 May 2008 accessed from <http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2008/045.htm&pageID=&min=wms&Year=&DocType=0> on 26 July 2011.

[8] Treasury, Submission 1, p. 1.

[9] Australian Petroleum Production and Exploration Association (APPEA) accessed from <http://www.appea.com.au/policy/tax-a-commercial/crude-oil-excise.html> on 26 July 2011.

[10] Treasury, Submission 1, p. 1.

[11] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[12] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 4.

[13] Treasury, Submission 1, p. 2.

[14] Treasury, Submission 1, p. 3.

[15] Treasury, Submission 1, p. 3.

[16] Treasury, Submission 1, p. 3.

[17] Treasury, Submission 1, p. 3.

[18] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 7.

[19] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[20] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[21] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 10.

[22] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[23] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[24] Explanatory Memorandum, Excise Tariff Amendment (Condensate) Bill 2011 and Excise Legislation Amendment (Condensate) Bill 2011, p. 3.

[25] Department of Resources, Energy and Tourism, Submission 2, [p. 1].