Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 5 Petroleum exploration incentives
Petroleum Resource Rent Tax Assessment Act 1987
12 Subclause 15(2) of the Schedule
Omit "so much of the exploration expenditure as equals the non-transferable amount is non-transferable expenditure", substitute "so much of the expenditure as equals the non-transferable amount is taken to be non-transferable expenditure".
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