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Div 8 repealed by No 43 of 2019, s 3 and Sch 2 item 66, effective 1 July 2019.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S 58S repealed by No 43 of 2019, s 3 and Sch 2 item 66, effective 1 July 2019.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 58S formerly read:

SECTION 58S ACQUISITION OF CONSOLIDATED GROUP BY ANOTHER CONSOLIDATED GROUP ETC.  
58S
If a member of a consolidated group or MEC group (the relinquishing group ) becomes a member of another consolidated group or MEC group (the acquiring group ) at a particular time (the acquisition time ):

(a) first apply subsection 58R(1) or (2) (as the case requires) in relation to the member ceasing to be a member of the relinquishing group as if section 58P did not apply in relation to the member just after the acquisition time; and

(b) then apply section 58Q in relation to the member becoming a member of the acquiring group as if section 58P did not apply in relation to the member just before the acquisition time.

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