Petroleum Resource Rent Tax Assessment Act 1987
PART VIII
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COLLECTION AND RECOVERY OF TAX
Division 2
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Collection by instalments
SECTION 98
INSTALMENT STATEMENT
98(1)
Where a person is liable to pay an instalment of tax in respect of an instalment period, the person shall, not later than the date on which the instalment is due and payable or such later date as the Commissioner allows, furnish, in accordance with the approved form, such information relating to the basis of the calculation of that instalment as is required by the form.
98(2)
Subsection (1) does not apply in relation to an instalment of tax that a person is liable to pay in respect of an instalment period where the amount of the instalment in relation to the instalment period and in relation to each preceding instalment period (if any) is nil.
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CCH Note:
No 18 of 2012, s 3 and Sch 1 item 46 contains the following transitional provision:
46 Transitional
46
Division
2
of Part
VIII
of the
Petroleum Resource Rent Tax Assessment Act 1987
(collection by instalments) does not apply, in respect of the year of tax commencing on 1 July 2012, in relation to an onshore petroleum project or the North West Shelf project.]
Where a person is liable to pay an instalment of tax in respect of an instalment period, the person shall, not later than the date on which the instalment is due and payable or such later date as the Commissioner allows, furnish, in accordance with the approved form, such information relating to the basis of the calculation of that instalment as is required by the form.
View history note
Hide history note98(2)
Subsection (1) does not apply in relation to an instalment of tax that a person is liable to pay in respect of an instalment period where the amount of the instalment in relation to the instalment period and in relation to each preceding instalment period (if any) is nil.
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