Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 5 Petroleum exploration incentives
Petroleum Resource Rent Tax Assessment Act 1987
10 Subclause 15(1) of the Schedule
Omit "all of the exploration expenditure is non-transferable expenditure", substitute "the total of the amounts of exploration expenditure (other than designated frontier expenditure), and uplifted frontier expenditure, is taken to be non-transferable expenditure".
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