Petroleum Resource Rent Tax Assessment Act 1987

Div 8 repealed by No 43 of 2019, s 3 and Sch 2 item 66, effective 1 July 2019. For application, transitional and savings provisions, see note under s 31AA .

Div 8 inserted by No 18 of 2012, s 3 and Sch 5 item 1, effective 1 July 2012.

S 58Q repealed by No 43 of 2019, s 3 and Sch 2 item 66, effective 1 July 2019. For application, transitional and savings provisions, see note under s 31AA . S 58Q formerly read:

SECTION 58Q INTERESTS TAKEN TO BE TRANSFERRED TO HEAD COMPANY ETC. ON JOINING  
58Q
If, because of the application of section 58P, a person is taken at a particular time to start being part of the head company or provisional head company, section 48 applies as if, at that time:

(a) each of the person ' s interests in onshore petroleum projects just before that time had been transferred to the head company or provisional head company; and

(b) the head company or provisional head company had given the consideration referred to in paragraph 48(1A)(c).

S 58Q amended by No 88 of 2013, s 3 and Sch 7 item 124, by substituting " as if, at that time: " followed by para (a) and (b) for all the words after " section 48 applies " , effective 1 July 2012. Those words formerly read:

as if each of the person ' s interests in onshore petroleum projects just before that time had been transferred to the head company or provisional head company.

S 58Q inserted by No 18 of 2012, s 3 and Sch 5 item 1, effective 1 July 2012.