PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)

PART 5 - THE RESIDUAL PRICING METHOD  

Division 5.1 - The residual pricing method  

REGULATION 24  

24   COSTS ARE NET OF GST TAX CREDITS AND ADJUSTMENTS  
A reference in this Part to a cost incurred by a person is a reference to the cost as reduced by:

(a) an input tax credit to which the person is, or becomes, entitled; or

(b) a decreasing adjustment.