AUSTRALIA UPSTREAM FISCAL AND REGULATORY REPORT - PRRT REVIEW SET TO REPORT AT THE END OF APRIL
Report Description
“Australia Upstream Fiscal and Regulatory Report PRRT Review Set to Report At The End of April”, presents the essential information relating to the terms which govern investment into Australia’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Australia’s upstream oil and gas investment climate.
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Scope Overview of current fiscal terms governing upstream oil and gas operations in Australia Assessment of the current fiscal regime’s state take and attractiveness to investors Charts illustrating the regime structure, and legal and institutional frameworks Detail on legal framework and governing bodies administering the industry Levels of upfront payments and taxation applicable to oil and gas production
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Table of Contents 1 Table of Contents 1. Table of Contents 1 1.1. List of Tables 2 1.2. List of Figures 2 2. Regime Overview 3 3. State Take Assessment 5 4. Key Fiscal Terms 6 4.1. Royalties, Bonuses and Fees 6 4.2. Crude Oil Excise Onshore, Coastal Waters, and North West Shelf Only 7 4.3. Petroleum Resource Rent Tax 8 4.4. Resource Rent Royalty Barrow Island 10 4.5. Direct Taxation 10
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