Country report

Australia upstream fiscal summary

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Report summary

Concession based fiscal regime with a distinction between Federal and State licensing whereCommonwealth waters (greater than 3 miles offshore) come under Federal jurisdiction and onshore/inshore waters come under State control. This results in certain differences in licence and fiscal terms between Federal and State areas and between States. Royalty rates for onshore production vary by State but royalty does not apply to offshore fields which are liable to Petroleum Resource Rent...

What's included

This report contains

  • Document

    Australia upstream fiscal summary

    PDF 359.12 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 20 images and tables including:

Images

  • Revenue flowchart: Australia Concession
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Australia (onshore): Effective Excise Duty Rate

Tables

  • Timeline details
  • Effective royalty rate and minimum state share
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Current licence, equity and fiscal terms: Table 1
  • Bonuses, Rentals and Fees
  • Indirect Taxes
  • Assumed terms by location

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