Petroleum Resource Rent Tax Assessment Act 1987
PART VIII - COLLECTION AND RECOVERY OF TAX
Division 2 - Collection by instalments
[ CCH Note: No 18 of 2012, s 3 and Sch 1 item 46 contains the following transitional provision:
46 Transitional
46
Division 2 of Part VIII of the Petroleum Resource Rent Tax Assessment Act 1987 (collection by instalments) does not apply, in respect of the year of tax commencing on 1 July 2012, in relation to an onshore petroleum project or the North West Shelf project.]
SECTION 94
94
LIABILITY TO PAY INSTALMENTS OF TAX
For the purpose of securing generally the more expeditious collection of tax, a person is liable to pay, in accordance with this Division, 3 instalments of tax in respect of each year of tax of the person in relation to a petroleum project, being a year of tax commencing on or after 1 July 1987.
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