Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2020 (F2020L01610)

Schedule 1   Amendments commencing day after registration

Petroleum Resource Rent Tax Assessment Regulation 2015

50   Subsection 25(4) (example 3)

Repeal the example, substitute:

Example 3: This section would apply if a participant in an integrated operation, using the residual pricing method, has practical or commercial difficulties in accessing the information needed to apply that method because other participants in the operation are using one of the other methods prescribed by this instrument.