Tax Laws Amendment (2009 Measures No. 3) Act 2009 (47 of 2009)
Schedule 3 Petroleum resource rent tax
Part 1 Functional currency
Petroleum Resource Rent Tax Assessment Act 1987
12 After subsection 2B(1)
Insert:
Group company - time
(1A) For the purposes of this Act, a company is a group company in relation to another company at a particular time if, at that time:
(a) one of the companies was a subsidiary of the other company; or
(b) each of the companies was a subsidiary of the same company.
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