Swap arrangements from 1 September 2021—position paper

Swap arrangements entered into by a producer or a reseller of the 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 54 of the Petroleum and Gas (Royalty) Regulation 2021 about how part 2 of the Regulation applies to swap arrangements for petroleum royalty purposes from 1 September 2021.

See also the position paper for swap arrangements for 1 October 2020 to 31 August 2021.