Petroleum Resource Rent Tax Assessment Amendment Act 2006 (78 of 2006)

Schedule 1   Deducting transferable exploration expenditure from tax instalments

Part 1   Amendments

Petroleum Resource Rent Tax Assessment Act 1987

8   After paragraph 97(1A)(a)

Insert:

(aa) without limiting paragraph (a) - any instalment transfers in relation to the instalment period were annual transfers in relation to the year of tax; and