Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)

Schedule 5   Petroleum resource rent tax deductions cap

Petroleum Resource Rent Tax Assessment Act 1987

2   At the end of section 2C

Add:

(3) For the purposes of this Act, apportionment percentage figure , in relation to a period of days that is not a year of tax, means the amount worked out under subsection (2) as if the period were a year of tax.