Petroleum Resource Rent Tax Assessment Act 1987

PART VIII - COLLECTION AND RECOVERY OF TAX  

Division 2 - Collection by instalments  

[ 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.]

SECTION 98   INSTALMENT STATEMENT  

98(1)    

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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.

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History

S 98(1) amended by No 41 of 2005, s 3 and Sch 10 item 229, by substituting ``the approved form'' for ``a form approved by the Commissioner'', effective 1 April 2005. Act No 41 of 2005, s 3 and Sch 10 item 230 contains the following transitional provision:

Transitional  
230
An approval of a form for the purposes of the Petroleum Resource Rent Tax Assessment Act 1987 that was in force immediately before the commencement of this item has effect after that commencement as if it had been done under section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .

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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