Petroleum Resource Rent Tax Assessment Amendment Regulation 2013 (No. 1) (154 of 2013)

Schedule 1  

Petroleum Resource Rent Tax Assessment Regulations 2005

54   Subregulation 19(4)

Repeal the subregulation, substitute:

(4) In this regulation:

relevant transaction , for a volume or mass of project sales gas, means:

(a) a sale of the gas to which paragraph 24(1)(d) of the Act applies; or

(b) an act by which the gas becomes an excluded commodity to which paragraph 24(1)(e) of the Act applies.