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

Schedule 5   Consolidated groups

Part 2   Other amendments

Income Tax Assessment Act 1997

3   At the end of subsection 719-50(1)

Add:

Note 3: A group that is consolidated for income tax purposes may also consolidate for the purposes of the Petroleum Resource Rent Tax Assessment Act 1987 (see section 58N of that Act).