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

Schedule 1   Amendments commencing day after registration

Petroleum Resource Rent Tax Assessment Regulation 2015

52   Subsection 37(1)

Repeal the subsection, substitute:

(1) This section applies to an included capital cost if the cost is for:

(a) an integrated GTL operation for which an election has been made under section 50; and

(b) the cost was incurred before 1 July 2012.