Petroleum Resource Rent Tax Assessment Act 1987

S 36B(1) amended by No 43 of 2019, s 3 and Sch 1 item 23, by substituting " before the amount is further increased under Schedule 1 " for " before the GDP factor or the augmented bond rate is applied to the amount under Schedule 1 " in the note, effective 1 July 2019.

S 36B(1) amended by No 18 of 2012, s 3 and Sch 4 item 36, by substituting " Schedule 1 " for " the Schedule " in the note, effective 1 July 2012.

S 36B(1) amended by No 88 of 2009, s 3 and Sch 5 item 227, by substituting " Resources Minister " for " Minister administering the Offshore Petroleum and Greenhouse Gas Storage Act 2006 " , effective 18 September 2009.

S 36B(1) amended by No 117 of 2008, s 3 and Sch 3 item 52, by substituting " Offshore Petroleum and Greenhouse Gas Storage Act 2006 " for " Offshore Petroleum Act 2006 " , effective 22 November 2008.

S 36B(1) amended by No 17 of 2006, s 3 and Sch 2 item 92, by substituting " Offshore Petroleum Act 2006 " for " Petroleum (Submerged Lands) Act 1967 " , effective 1 July 2008. No 17 of 2006, s 3 and Sch 2 items 95 and 96 contain the following transitional provisions:

95 Transitional - pre-commencement events and circumstances  
95
For the purposes of the application of:

(a) the Petroleum Resource Rent Tax Assessment Act 1987 (the PRRTA Act ); or

(b) an Act with which the PRRTA Act is incorporated;

to events that occurred, and circumstances that arose, before 1 July 2008:

…

(f) subsection 36B(1) of the PRRTA Act has effect as if the reference in that subsection to the Offshore Petroleum Act 2006 included a reference to the repealed Petroleum (Submerged Lands) Act 1967 ;
…

…
96 Transitional - section 36B of the Petroleum Resource Rent Tax Assessment Act 1987  
(1)
This item applies to an instrument if:

(a) the instrument was in force immediately before 1 July 2008; and

(b) the instrument was made under subsection 36B(1) or (5) of the Petroleum Resource Rent Tax Assessment Act 1987 (the PRRTA Act ).

(2)
The instrument has effect, after 1 July 2008, as if:

(a) it had been made under the corresponding provision of the PRRTA Act as amended by No 17 of 2006; and

(b) any requirement imposed by the PRRTA Act (as amended by No 17 of 2006) in relation to the making of the instrument had been satisfied.

(3)
Subitem (2) does not prevent the instrument continuing to have effect for the purposes of the application of:

(a) the PRRTA Act; or

(b) an Act with which the PRRTA Act is incorporated;

to events that occurred, and circumstances that arose, before 1 July 2008.

S 36B(2) amended by No 88 of 2009, s 3 and Sch 5 item 228, by substituting " Resources Minister " for " Minister " , effective 18 September 2009.

S 36B(2) amended by No 47 of 2009 , s 3 and Sch 3 item 37, by substituting " 2009 " for " 2008 " , effective 12 May 2009.

S 36B(3) amended by No 88 of 2009, s 3 and Sch 5 item 228, by substituting " Resources Minister " for " Minister " , effective 18 September 2009.

S 36B(4) amended by No 126 of 2015, s 3 and Sch 1 item 478, by omitting " for the purposes of the Legislative Instruments Act 2003 " after " legislative instrument " , effective 5 March 2016.

S 36B(5) amended by No 46 of 2011, s 3 and Sch 2 item 910, by substituting " section 2B " for " section 17AA " in the note at the end, effective 27 December 2011. No 46 of 2011, s 3 and Sch 3 items 10 and 11 contain the following saving and transitional provisions:

10 Saving - appointments  
10
The amendments made by Schedule 2 do not affect the validity of an appointment that was made under an Act before the commencement of this item and that was in force immediately before that commencement. 11 Transitional regulations  
11
The Governor-General may make regulations prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the amendments and repeals made by Schedules 1 and 2.

S 36B(5) amended by No 88 of 2009, s 3 and Sch 5 items 228 and 229, by substituting " Resources Minister " for " Minister " and substituting " Resources Department " for " Minister ' s Department " , effective 18 September 2009.

S 36B(6) amended by No 117 of 2008, s 3 and Sch 3 item 53, by substituting " Offshore Petroleum and Greenhouse Gas Storage Act 2006 " for " Offshore Petroleum Act 2006 " in the definition of " potential exploration permit area " , effective 22 November 2008.

S 36B(6) amended by No 17 of 2006, s 3 and Sch 2 item 93, by substituting " Part 2.2 of the Offshore Petroleum Act 2006 " for " Division 2 of Part III of the Petroleum (Submerged Lands) Act 1967 " in the definition of " potential exploration permit area " , effective 1 July 2008. No 17 of 2006, s 3 and Sch 2 items 95 and 96 contain the following transitional provisions:

95 Transitional - pre-commencement events and circumstances  
95
For the purposes of the application of:

(a) the Petroleum Resource Rent Tax Assessment Act 1987 (the PRRTA Act ); or

(b) an Act with which the PRRTA Act is incorporated;

to events that occurred, and circumstances that arose, before 1 July 2008:

…

(g) the definition of " potential exploration permit area in subsection 36B(6) of the PRRTA Act has effect as if the reference in that definition of Part 2.2 of the Offshore Petroleum Act 2006 included a reference to Division 2 of Part III of the repealed Petroleum (Submerged Lands) Act 1967 );
…

…
96 Transitional - section 36B of the Petroleum Resource Rent Tax Assessment Act 1987  
(1)
This item applies to an instrument if:

(a) the instrument was in force immediately before 1 July 2008; and

(b) the instrument was made under subsection 36B(1) or (5) of the Petroleum Resource Rent Tax Assessment Act 1987 (the PRRTA Act ).

(2)
The instrument has effect, after 1 July 2008, as if:

(a) it had been made under the corresponding provision of the PRRTA Act as amended by No 17 of 2006; and

(b) any requirement imposed by the PRRTA Act (as amended by No 17 of 2006) in relation to the making of the instrument had been satisfied.

(3)
Subitem (2) does not prevent the instrument continuing to have effect for the purposes of the application of:

(a) the PRRTA Act; or

(b) an Act with which the PRRTA Act is incorporated;

to events that occurred, and circumstances that arose, before 1 July 2008.

S 36B inserted by No 41 of 2005, s 3 and Sch 5 item 4, applicable in respect of any exploration expenditure incurred (whether before or after 1 April 2005) where the eligible exploration or recovery area is a designated frontier area.