Offshore Petroleum (Repeals and Consequential Amendments) Act 2006 (17 of 2006)

Schedule 2   Consequential amendments

Petroleum Resource Rent Tax Assessment Act 1987

96   Transitional - section 36B of the Petroleum Resource Rent Tax Assessment Act 1987

 

(1) This item applies to an instrument if:

(a) the instrument was in force immediately before the commencement of this item; and

(b) the instrument was made under subsection 36B(1) or (5) of thePetroleum Resource Rent Tax Assessment Act 1987(the PRRTA Act ).

      

(2) The instrument has effect, after the commencement of this item, as if:

(a) it had been made under the corresponding provision of the PRRTA Actas amended by this Act; and

(b) any requirement imposed by the PRRTA Act (as amended by this Act) in relation to the making of the instrument had been satisfied.

      

(3) Subitem (2) does not prevent the instrument continuing to have effect for the purposes of the application of:

(a) the PRRTA Act; or

(b) an Act with which the PRRTA Act is incorporated;

to events that occurred, and circumstances that arose, before the commencement of this item.