Table of Contents
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct
Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This
Report 5
3 Australia Petroleum Fiscal Environment 6
3.1 Governing Law
6
3.2 Licensing Authority 6
3.3 National Oil Company 6
3.4
Contract Type 6
3.5 State Participation 7
4 License terms 8
4.1
Exploration 8
4.1.1 Type of Right 8
4.1.2 Area 8
4.1.3 Duration
8
4.1.4 Relinquishment 8
4.1.5 Exploration obligation 9
4.2
Production 9
4.2.1 Type of right 9
4.2.2 Area 10
4.2.3 Duration
10
5 Key Fiscal Terms 11
5.1 Royalty 11
5.2 Fees 11
5.3
Petroleum Resource Rent Tax 12
5.4 Crude Oil Excise 13
5.5 Taxation
14
5.6 Deductions and Depreciation 14
5.7 Withholding Tax 14
5.8
Ring Fence 14
6 sample cashflows calculations 15
7 APPENDIX 16
7.1
Methodology 16
7.2 Definitions 16
7.2.1 Units of Measure 16
7.2.2
Definition 16
7.3 Contact Us 17
7.4 About Global Markets Direct 17
7.5 Disclaimer 17
1.1 List of Tables
Table 1: Australia,
Relinquishment Requirement For Onshore Projects, 2007 8
Table 2:
Australia, Exploration Obligation For Onshore Projects, 2007 9
Table 3:
Australia, Area Offered For Onshore Projects, 2007 10
Table 4: Australia,
Crude Oil and Natural Gas, Onshore Royalty Rate, 2007 11
Table 5:
Australia, Offshore Applicable Fees, 2007 11
Table 6: Australia, Onshore
Applicable Fees, 2007 12
1.2 List of Figures
Figure 1:
Australia, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows,
2005-2016 15
View Cart
