# The Oil Taxation (Gas Banking Schemes) Regulations 1982, Regulation 2: Interpretation


In these Regulations, unless the context otherwise requires:—
“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;
“election” means an election under the principal section;
“gas” means oil consisting of gas;
“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;
“the modifications” means the modifications to the operation of the Oil Taxation Acts prescribed by Regulation 3 below;
“the Oil Taxation Acts” has the same meaning as in the principal section;
“the principal section” means section 108 of the Finance Act 1980;
“relevant field” means, in relation to a gas banking scheme, an oil field to which the scheme applies;
“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;
“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;
other expressions have the same meaning as in the Oil Taxation Act 1975.

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Source: https://www.legislation.gov.uk/uksi/1982/92/regulation/2 (the official version)
Page: https://openlegislation.uk/oil-taxation-gas-banking-schemes-regulations-1982/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.