Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 3   Deductible expenditure

Petroleum Resource Rent Tax Assessment Act 1987

4   Section 2

Insert:

production licence notice , in relation to a petroleum project, means:

(a) a notice issued under subsection 258(7) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 in relation to the project; or

(b) a notice issued by a State or Territory authority that specifies the day that sufficient information has been provided to determine the application for the production licence in relation to the project.