Petroleum Resource Rent Tax Assessment Act 1987

PART V - LIABILITY TO TAXATION  

Division 3 - Deductible expenditure  

SECTION 36A  

36A   DESIGNATED FRONTIER AREAS FOR 2004  

For the purposes of the definition of designated frontier area , the following areas are specified:

(a) Area T04-5, as first gazetted in the Tasmanian Government Gazette on 5 May 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;

(b) Areas W04-2, W04-4, W04-15 and W04-16, as first gazetted in the Western Australia Government Gazette on 30 March 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;

(c) Area NT04-3, as first gazetted in the Northern Territory Government Gazette on 14 April 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 .

Note:

An amount of exploration expenditure incurred in respect of an area that is specified under this section might be increased by 150% (before the amount is further increased under Schedule 1 ): see section 36C .