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

49   Subclause 8(5) of Schedule 1

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