Petroleum Resource Rent Tax Assessment Act 1987
PART VIII
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COLLECTION AND RECOVERY OF TAX
Division 2
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Collection by instalments
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.
[
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.]
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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