Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Act 2019 (43 of 2019)

Schedule 1   Reform of the petroleum resource rent tax

Part 2   Standard uplift expenditure

Petroleum Resource Rent Tax Assessment Act 1987

35   Clause 1 of Schedule 1 (definition of GDP expenditure year)

Omit "ABR expenditure", substitute "standard uplift expenditure".