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New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from petroleum mining

CT 6: Meaning of petroleum miner

You could also call this:

“Definition of a petroleum miner in the oil and gas industry”

A petroleum miner is someone who does petroleum mining or decommissioning work in a permit area. This means you’re a petroleum miner if you’re working to get oil or gas out of the ground, or if you’re helping to clean up and close down oil or gas sites.

You’re not a petroleum miner if you’re doing this work for payment that isn’t based on:

  1. How much oil or gas is produced from the area
  2. The profits made from selling the oil or gas
  3. Having a share or right to the petroleum permit

This means if you’re just getting paid a regular wage to do the work, you’re probably not considered a petroleum miner under this law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512967.

Topics:
Money and consumer rights > Taxes
Business > Industry rules
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CT 6B: Meaning of petroleum mining operations, or

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Part C Income
Income from petroleum mining

CT 6Meaning of petroleum miner

  1. Petroleum miner, for a permit area, means a person who undertakes petroleum mining operations or decommissioning in the permit area.

  2. Petroleum miner does not include a person who undertakes petroleum mining operations or decommissioning for consideration that is not in the form of, or contingent on,—

  3. the production of petroleum from the permit area; or
    1. profits from the production of petroleum from the permit area; or
      1. an interest or a right to an interest in the petroleum permit.

        1. Repealed

        2. Repealed
        Compare
        Notes
        • Section CT 6(1): substituted, on , by section 326(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6(1): amended, on , by section 28(1) (and see section 28(4) for application) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
        • Section CT 6(2): amended, on , by section 28(2) (and see section 28(4) for application) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
        • Section CT 6(3) heading: repealed, on , by section 326(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6(3): repealed, on , by section 326(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6(4) heading: repealed, on , by section 326(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6(4): repealed, on , by section 326(3) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6 list of defined terms decommissioning: inserted, on , by section 28(3) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
        • Section CT 6 list of defined terms petroleum mining operations: inserted, on , by section 326(4)(a) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CT 6 list of defined terms removal or restoration operations: repealed, on , by section 326(4)(b) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).