accounting periodmeans the 12-month period adopted for income tax purposes under section 18 of the Income Tax Assessment Act 1936, or another period authorised in writing by the CEO for the purposes of this instrument.
(a)expects to deliver for home consumption from all their excise-licensed premises based on historical data, where such data is available; or
(b)reasonably expects to deliver for home consumption from all their excise-licensed premises, where historical data is not available.
ambient conditions methodmeans the method where the volume of LPG is worked out by measuring the quantity of LPG delivered in litres at the ambient temperature and operating pressure at the time it is delivered for home consumption.
density-based volume method means the method where the volume of LPG is worked out in litres for a quantity of LPG measured in kilograms at the time it is delivered for home consumption, byusing either:
(a)a factor based on the measured density of the LPG at ambient temperature corrected to what it would be under the standard reference conditions; or
(b)where subsection 24(1) of the Excise Regulation 2015 applies, the conversion rate specified in that subsection.
excise-licensed premisesmeans one or more premises that are covered by a licence relevant for the purposes of this instrument and which is granted under section 39A of the Act.
standardcorrections method means the method where the volume of LPG in litres is worked out at the time it is delivered for home consumption as follows:
Step 1: Measure the volume of the LPG using volumetric measurement equipment.
standard reference conditions, in relation to a quantity of LPG, means the quantity of LPG at a temperature of 15 degrees Celsius and the equilibrium vapour pressure at 15 degrees Celsius.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
(4)Despite subsections (1), (2) and (3), the CEO may authorise, in writing, a person to use any of the methods in this instrument for an accounting period.