Petroleum Resource Rent Tax Assessment Act 1987
PART VIII
-
COLLECTION AND RECOVERY OF TAX
Division 2
-
Collection by instalments
SECTION 96
96
AMOUNT OF INSTALMENT OF TAX
The amount payable by a person as an instalment of tax is the notional tax amount in relation to the instalment period in relation to the instalment.
[
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.]
The amount payable by a person as an instalment of tax is the notional tax amount in relation to the instalment period in relation to the instalment.
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