Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)

Schedule 2   Petroleum resource rent tax anti-avoidance rules

Petroleum Resource Rent Tax Assessment Act 1987

2   Subsection 53(1)

Omit "a tax benefit has been obtained, or would but for this section be obtained, by a person in connection with an arrangement to which this Subdivision applies", substitute "this Subdivision applies to an arrangement in connection with which a tax benefit has been obtained, or would but for this section be obtained".