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

Schedule 1   Amendments commencing day after registration

Petroleum Resource Rent Tax Assessment Regulation 2015

61   At the end of section 50 (before the note)

Add:

(3) If an election has been made under this section and one or more new participants are later added to the integrated GTL operation:

(a) the election continues in force for the participants who made it; and

(b) any new participant is also taken to have made the election at the time the new participant is added to the integrated GTL operation.