Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)
Schedule 1 Extension to onshore projects etc.
Petroleum Resource Rent Tax Assessment Act 1987
16 Section 2 (definition of petroleum )
Repeal the definition, substitute:
petroleum means:
(a) petroleum within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; or
(b) oil shale.
However, petroleum does not include a taxable resource within the meaning of the Minerals Resource Rent Tax Act 2012.
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