Commonwealth Consolidated Acts

PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987 - SECT 31B

                   For the purposes of this Division, a reference to an amount of expenditure incurred, or a liability incurred, by a person does not include an amount equal to:

                     (a)  any input tax credit to which the person is entitled; or

                     (b)  any decreasing adjustments that the person has;

in relation to that expenditure or liability.