Tax Laws Amendment (2009 Measures No. 3) Act 2009 (47 of 2009)

Schedule 3   Petroleum resource rent tax

Part 3   Processing of internal petroleum

Petroleum Resource Rent Tax Assessment Act 1987

29   After subsection 19(2B)

Insert:

(2C) For the purposes of this Act, there is taken to be included, as part of any petroleum project within the meaning of subsection (1) or (2), the carrying on of any processing of internal petroleum wholly or partly using the operations, facilities and other things comprising the project:

(a) in the case of an eligible production licence referred to in subsection (1) - while that licence is in force; or

(b) in the case of 2 or more eligible production licences referred to in subsection (2) - while any of those licences are in force.