Commonwealth Consolidated Acts

PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987 - SECT 31

                   For the purposes of this Act:

                     (a)  assessable petroleum receipts;

                     (b)  assessable exploration recovery receipts;

                     (c)  assessable property receipts;

                     (d)  assessable miscellaneous compensation receipts; or

                     (e)  assessable employee amenities receipts;

may be derived by a person in relation to a petroleum project:

                      (f)  except in the case of the Bass Strait project--at any time, including a time:

                              (i)  before the project commenced or after the project has ceased; or

                             (ii)  before the commencement of this Act; or

                     (g)  in the case of the Bass Strait project--at any time on or after 1 July 1990, including a time after the project has ceased.