Petroleum Resource Rent Tax Assessment Act 1987

PART II - INTERPRETATION  

SECTION 4B  

4B   HOLDING AN INTEREST - EXPLORATION PERMIT  

For the purposes of this Act, a person is taken to have held an interest in, or in relation to, an exploration permit at a particular time if the person was, at that time, entitled to receive receipts from the sale of petroleum, or marketable petroleum commodities produced from petroleum, recovered from the exploration permit area.