Taxation Laws Amendment Act (No. 3) 2003 (101 of 2003)

Schedule 5   Petroleum resource rent tax

Petroleum Resource Rent Tax Assessment Act 1987

12   After section 24

Insert:

24A Assessable tolling receipts

For the purposes of this Act, a reference to assessable tolling receipts derived by a person in relation to a petroleum project is a reference to the consideration receivable by the person in relation to the processing of external petroleum in relation to the project.