PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)

PART 4 - THE SUBSTITUTE PRICES  

REGULATION 20  

20   RPM PRICE (TRANSFER PRICE USING THE RESIDUAL PRICING METHOD)  
Subject to this Part, the RPM price of an assessable gas for a taxpayer in a year of tax, is:

(a) if the cost-plus price of the assessable gas is higher than the netback price - the netback price; and

(b) otherwise - the price given by the formula:

Netback price + Cost-plus price 2

where the cost-plus price and the netback price of the assessable gas are obtained by following Steps 1 to 13 of the residual pricing method.