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

Schedule 4   Starting base for onshore petroleum projects and the North West Shelf project

Part 2   Other amendments

Petroleum Resource Rent Tax Assessment Act 1987

51   Clause 5 of the Schedule (paragraph (a) of the definition of notional taxable profit )

After "class 2 GDP factor expenditure", insert ", resource tax expenditure, acquired exploration expenditure, starting base expenditure".