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

Schedule 5   Petroleum resource rent tax

Petroleum Resource Rent Tax Assessment Act 1987

17   After paragraph 37(1)(b)

Insert:

and (c) in procuring another person to stabilise, transport, store, recover or process petroleum recovered from the eligible exploration or recovery area (other than any production licence area) in relation to the project, if that stabilisation, transportation, storage, recovery or processing constitutes the processing of external petroleum in relation to another petroleum project;