{
  "url": "https://openlegislation.uk/oil-taxation-gas-banking-schemes-regulations-1982/regulation-2",
  "json_url": "https://openlegislation.uk/oil-taxation-gas-banking-schemes-regulations-1982/regulation-2.json",
  "legislation": "uksi/1982/92",
  "legislation_title": "The Oil Taxation (Gas Banking Schemes) Regulations 1982",
  "legislation_url": "https://openlegislation.uk/oil-taxation-gas-banking-schemes-regulations-1982",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations, unless the context otherwise requires:—\n“associated gas” means gas found in an oil field in association with oil other than gas, which has been won from the field at a rate dependent on that at which the oil other than gas is so won;\n“election” means an election under the principal section;\n“gas” means oil consisting of gas;\n“gas banking scheme” means such a scheme as is defined in subsection (2) of the principal section as a gas banking scheme for the purposes of the section;\n“the modifications” means the modifications to the operation of the Oil Taxation Acts prescribed by Regulation 3 below;\n“the Oil Taxation Acts” has the same meaning as in the principal section;\n“the principal section” means section 108 of the Finance Act 1980;\n“relevant field” means, in relation to a gas banking scheme, an oil field to which the scheme applies;\n“responsible persons” means the bodies corporate or partnerships appointed in accordance with paragraph 4 of Schedule 2 to the Oil Taxation Act 1975 as the responsible persons for the oil fields to which a gas banking scheme applies;\n“transferor field” and “transferee field” mean, in relation to a transfer of gas won from a relevant field by the participators in that field to the participators in another relevant field under a gas banking scheme, the first-mentioned field and the last-mentioned field respectively;\nother expressions have the same meaning as in the Oil Taxation Act 1975.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1982/92/regulation/2",
    "retrieved_at": "2026-10-29T18:26:47.864993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}