House of Representatives

Petroleum Resource Rent Tax Assessment Amendment Bill 2011

Petroleum Resource Rent Tax (Imposition - Customs) Bill 2011

Petroleum Resource Rent Tax (Imposition - Excise) Bill 2011

Petroleum Resource Rent Tax (Imposition - General) Bill 2011

Explanatory Memorandum

(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)

[1]
MEC groups are, in very broad terms, groups of Australian resident entities whose real head company would be a foreign resident. Instead of that company being the group's head company, the group chooses one of the first tier Australian entities to be its head company.


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