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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" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.

Description-

** 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 Australias 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 states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Australias 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 regimes 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 Australias upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making

** 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
4.1.1. 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




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