Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 5   Petroleum exploration incentives

Petroleum Resource Rent Tax Assessment Act 1987

1   Section 2

Insert:

designated frontier area means that block or those blocks that constitute both:

(a) an area or part of an area:

(i) specified in section 36A; or

(ii) specified in an instrument made under subsection 36B(1); and

(b) an exploration permit area.