Australia Upstream Fiscal and Regulatory Report - PRRT Review Set to Report At The End of April

Australia Upstream Fiscal and Regulatory Report - PRRT Review Set to Report At The End of April

Summary

“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.

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
- Information on application of fiscal and regulatory terms to specific licenses
- Outlook on future of fiscal and regulatory terms in Australia

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Australia’s upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the country’s upstream sector
- Utilize considered insight on future trends to inform decision-making


2. Regime Overview 3
3. State Take Assessment 5
4. Key Fiscal Terms 6
4.1. Royalties, Bonuses and Fees 6
4.1.1. Royalties (Onshore, Coastal Waters and North West Shelf Only) 6
4.1.2. Annual Rental Fees 7
4.2. Crude Oil Excise (Onshore, Coastal Waters, and North West Shelf Only) 7
4.3. Petroleum Resource Rent Tax 8
4.3.1. Rate and Application 8
4.3.2. Gas Transfer Price Methodology 8
4.3.3. Deductible Expenditure 9
4.4. Resource Rent Royalty (Barrow Island) 10
4.5. Direct Taxation 10
4.5.1. Company Tax 10
4.5.2. Deductions and Depreciation 11
4.5.3. Withholding Tax 11
4.6. Indirect Taxation 12
4.6.1. Goods and Services Tax 12
4.6.2. Customs Duties 12
5. Regulation and Licensing 13
5.1. Legal Framework 13
5.1.1. Governing Law 13
5.1.2. Contract Type 14
5.1.3. Title to Hydrocarbons 15
5.2. Institutional Framework 16
5.2.1. Licensing Authority 16
5.2.2. Regulatory Agency 17
5.3. Licensing Process 17
5.3.1. Offshore Areas 17
5.3.2. Onshore Areas and Coastal Waters 18
5.3.3. Native Title 18
5.3.4. Application Fees 18
5.4. License Terms 18
5.4.1. Duration and Relinquishments 18
5.4.2. Work Obligation 19
5.5. Foreign Investment Screening 19
5.6. Restrictions on Hydraulic Fracturing 20
6. Outlook 21
7. Appendix 23
7.1. Contact Us 23
7.2. Disclaimer 23


List Of Tables


Table 1: Regime Overview 3
Table 2: Australia, Onshore, Coastal Waters and North West Shelf, Royalty Rates (%) 6
Table 3: Australia, Annual Rental Fees (AUD) 7
Table 4: Australia - Onshore, Coastal Waters and North West Shelf, Crude Oil Excise Rates (%) 8
Table 5: Australia, Petroleum Resource Rent Tax Expenditure Classes and Uplift Rates 9
Table 6: Australia, Announced Tax Reductions (%), 2017 10
Table 7: Australia, Statutory Effective Life Caps - Petroleum Sector (years) 11
Table 8: Australia, Withholding Tax Rates (%) 11
Table 9: Australia, Governing Law by State/Territory 14
Table 10: Australia, State/Territory Licensing Authorities 17
Table 11: Australia - Onshore and Coastal Waters, Maximum Initial Term Duration for Petroleum Licenses (years) 19


List Of Figures


Figure 1: Regime Flow Chart 4
Figure 2: Australia, Indicative NPV10/boe, IRR and State Take Comparison, Regional 5
Figure 3: Australia, Legal Framework 13
Figure 4: Australia, Institutional Framework 16


Australia Solar Water Pumping System Market (2021-2027): Market Forecast

Australia Solar Water Pumping System Market (2021-2027): Market Forecast market research report available in single user pdf license with Aarkstore Enterprise at USD 1995

USD 1995 View Report

Australia Hydrogen Market - Overview, Demand, Policies, Deals and Key Players

Australia Hydrogen Market - Overview, Demand, Policies, Deals and Key PlayersAustralia accounts for almost 30% of the global upcoming low-carbon production capacity, with this all coming from green projects, primarily

USD 1950 View Report

Norway Upstream Fiscal and Regulatory Guide

Norway Upstream Fiscal and Regulatory GuideNorway governs upstream petroleum operations through a royalty/tax framework. On May 12, 2020, the government will submit a bill to the Storting to temporarily amend

USD 1500 View Report

Italy Oil and Gas Upstream Fiscal and Regulatory Guide

Italy Oil and Gas Upstream Fiscal and Regulatory GuideItaly governs upstream petroleum operations through a royalty and tax framework. In 2019, the country significantly increased surface fees and imposed a

USD 1500 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available

 

 

FAQs

Yes, you will receive a sample copy of the market research report from the sales team when you put a query to us. The sample report is free and offers a brief view of the report and information on data available before you purchase the full-fledged report. Also, we will provide a demo sample for any oncoming study.

Select the report you wish to purchase and proceed to buy it by making an online payment. We use a secured gateway for payment transfers and do not share your financial information with any unconcerned third party.

The report will be delivered in spreadsheet and PDF format. In some cases, PPT formats could be available as well.

After confirmation of the payment, you will receive the electronic format of the report at your registered email address in (mention the timeline for the delivery). If you buy a report over a holiday or weekend, we will process the request the next working day.

Market studies and reports already contain important data and are ready for distribution to the purchaser. However, if there is any particular query, addition, or customization you require, then contact us on our email id or phone. We will look to accommodate your request and see what can be done at the earliest. The research team will design the report accordingly and discuss the solutions beforehand with you.

The price of the customized report will be conveyed to you by our team after we agree on the deliverable. A delivery timeline will be set so that you get the report within the expected date. Any requests for customizations after selling the report will be handled by a separate department and the prices for the same mentioned upfront.

While usually such a request is not accommodated as any market research report is wholesome and the cost of the report is for overall contents, in special cases, we may be able to sell select segments of the report based on your requirements.

Our team will love to support academicians, start-ups, students, and others with consulting and research. Thus, our pricing plan is based on keeping these interests in mind and is already affordable. However, we may have discounts available for particular customer types and reports. So, contact us for more information.

We have consumer-centric reports and offer several facilities before selling. You will get a free review and sample report, talk to our customer care team for any additions to be done and meet special requirements, and interact with our analysts for deeper understanding.

Yes, you will get an invoice for the purchase you made. The invoice will be sent to you electronically on your registered email id.

We have a vast database of market reports and studies and there are a few which may not have been uploaded yet. If you are unable to find the one you want, then get in touch with our sales team by phone or email and we will connect with you for assistance.

Not every study is the same. Thus, the update for reports will depend on the ongoing research and changes if any to be incorporated in the document or not.

The market research reports are constructed keeping in mind the industry trends, nature of the study, and required inputs. But if you want something more than what is stated in the report, we can help you out with further research if possible. Contact us right away, and we will do the needful to aid you.

Once the payment is done, it is non-refundable because as per the standard policy, the utility of the reports is based on knowledge sharing, and thus, a refund is not possible to make after we have issued you obtain the study. To avoid the hassle, we have a detailed view of the report and its ideas through a sample report.

If the payment fails then be assured that you shall receive the money back to the source payment mode from the payment gateway. Aarkstore is not responsible for any loss of payment in the process.

Yes, we can provide a report or segment related to a particular region or geography if we have that feature available for the document.

Yes, we are here to solve any queries you may have for the report from our analyst till a given timeframe. To understand more about this, get in touch with us.