Swap arrangements from 1 October 2020 to 31 August 2021—position paper

Swap arrangements entered into by a producer may be relevant for determining the classification of gas and average sales price for petroleum. This position paper provides the Commissioner of State Revenue’s determination under section 149 of the Petroleum and Gas (Royalty) Regulation 2004 about how chapter 6 of the Regulation applies to swap arrangements for petroleum royalty purposes from 1 October 2020 to 31 August 2021.

See also the position paper on swap arrangements from 1 September 2021.