Petroleum Resource Rent Tax Assessment Act 1987

PART V - LIABILITY TO TAXATION  

Division 3 - Deductible expenditure  

SECTION 36A  

36A   DESIGNATED FRONTIER AREAS FOR 2004  

View history reference

For the purposes of the definition of designated frontier area , the following areas are specified:

(a) Area T04-5, as first gazetted in the Tasmanian Government Gazette on 5 May 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;

View history reference

(b) Areas W04-2, W04-4, W04-15 and W04-16, as first gazetted in the Western Australia Government Gazette on 30 March 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;

View history reference

(c) Area NT04-3, as first gazetted in the Northern Territory Government Gazette on 14 April 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 .

View history reference

Note:

An amount of exploration expenditure incurred in respect of an area that is specified under this section might be increased by 150% (before the amount is further increased under Schedule 1 ): see section 36C .

 View history note

 Hide history note

History

S 36A amended by No 43 of 2019, s 3 and Sch 1 item 22, by substituting " before the amount is further increased under Schedule 1 " for " before the GDP factor or the augmented bond rate is applied to the amount under Schedule 1 " in the note, effective 1 July 2019.

S 36A amended by No 18 of 2012, s 3 and Sch 4 item 35, by substituting " Schedule 1 " for " the Schedule " in the note, effective 1 July 2012.

S 36A amended by No 17 of 2006, s 3 and Sch 2 item 91, by inserting " repealed " before " Petroleum (Submerged Lands) Act 1967 " in paras (a), (b) and (c), effective 1 July 2008.

S 36A inserted by No 41 of 2005, s 3 and Sch 5 item 4, applicable in respect of any exploration expenditure incurred (whether before or after 1 April 2005) where the eligible exploration or recovery area is a designated frontier area.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.