Australia Upstream Fiscal and Regulatory Guide

2019-11-30
Price :
Published : Nov-2019
No. of Pages : 31
Table of Contents
1.1. List of Tables
1.2. List of Figures
2. Regime Overview
2.1. Regime Overview ? Royalty and Tax Agreements
2.2. Timeline
3. State Take Assessment
4. Key Fiscal Terms
4.1. Royalties, Bonuses, and Fees
4.1.1. Royalties (Onshore, Coastal Waters and North West Shelf Only)
4.1.2. Annual Rental Fees
4.2. Crude Oil Excise (Onshore, Coastal Waters, and North West Shelf Project Only)
4.3. Petroleum Resource Rent Tax
4.3.1. Rate and Application
4.3.2. Gas Transfer Price Methodology
4.3.3. Deductible Expenditure
4.4. Resource Rent Royalty (Barrow Island)
4.5. Direct Taxation
4.5.1. Company Tax
4.5.2. Deductions and Depreciation
4.5.3. Withholding Tax
4.6. Indirect Taxation
4.6.1. Goods and Services Tax
4.6.2. Customs Duties
4.7. License Terms
4.7.1. Duration and Relinquishments
4.7.2. Work Obligation
5. Regulation and Licensing
5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Licensing Authority
5.2.2. Regulatory Agency
5.3. Licensing Process
5.3.1. Offshore Areas
5.3.2. Onshore Areas and Coastal Waters
5.3.3. Native Title
5.3.4. Application Fees
5.4. Foreign Investment Screening
5.5. Restrictions on Hydraulic Fracturing
6. Appendix
6.1. References
6.2. Contact Us
6.3. Disclaimer

List of Tables
Table 1: Regime Overview
Table 2: Australia, Key Events Since Year 2000
Table 3: Australia, Onshore, Coastal Waters and North West Shelf, Royalty Rates (%)
Table 4: Australia, Annual Rental Fees (AUD)
Table 5: Australia - Onshore, Coastal Waters and North West Shelf, Crude Oil Excise Rates (%)
Table 6: Australia, Petroleum Resource Rent Tax Expenditure Classes and Uplift Rates
Table 7: Australia, Reduced CIT for Small and Medium Businesses (%), 2018
Table 8: Australia, Statutory Effective Life Caps - Petroleum Sector (years)
Table 9: Australia, Withholding Tax Rates (%)
Table 10: Australia - Onshore and Coastal Waters, Maximum Initial Term Duration for Petroleum Licenses (years)
Table 11: Australia, Governing Law by State/Territory
Table 12: Australia, State/Territory Licensing Authorities
Table 13: References

List of Figures
Figure 1: Regime Flow Chart
Figure 2: Australia, Indicative NPV10/boe, IRR and State Take Comparison, Regional
Figure 3: Australia, Legal Framework
Figure 4: Australia, Institutional Framework
Filed in: Energy & Power, Oil & Gas
Publisher : GlobalData