Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 3

Schedule 1—Deducting transferable exploration expenditure from tax instalments           4

Part 1—Amendments                                                                                                      4

Petroleum Resource Rent Tax Assessment Act 1987                                             4

Taxation Administration Act 1953                                                                         11

Part 2—Application of amendments                                                                        12

Schedule 2—Group company transferable exploration expenditure continuity of interest rule    13

Part 1—Amendments                                                                                                    13

Petroleum Resource Rent Tax Assessment Act 1987                                           13

Part 2—Application of amendments                                                                        16

Schedule 3—Deducting closing‑down costs for conversion of production licence to infrastructure licence                                                                                                                            18

Part 1—Amendments                                                                                                    18

Petroleum Resource Rent Tax Assessment Act 1987                                           18

Part 2—Application of amendments                                                                        23

Schedule 4—Self‑assessment                                                                                        24

Part 1—Amendments                                                                                                    24

Petroleum Resource Rent Tax Assessment Act 1987                                           24

Taxation Administration Act 1953                                                                         33

Part 2—Application of amendments                                                                        37

Schedule 5—Other amendments                                                                                  38

Part 1—Amendments                                                                                                    38

Petroleum Resource Rent Tax Assessment Act 1987                                           38

Part 2—Application of amendments                                                                        42

 

 

Petroleum Resource Rent Tax Assessment Amendment Act 2006

No. 78, 2006

 

An Act to amend the Petroleum Resource Rent Tax Assessment Act 1987, and for related purposes

Assented to 30 June 2006

The Parliament of Australia enacts:

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