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

24   After section 2

Insert:

2AA Determinations relating to certain defined terms

(1) An authority or right under an Australian law is taken, for the purposes of this Act, to be an authority or right mentioned in one of the paragraphs to which this section applies if the Resources Minister determines, by legislative instrument, that it is an authority or right of that kind.

(2) An authority or right under an Australian law is taken, for the purposes of this Act, not to be an authority or right mentioned in one of the paragraphs to which this section applies if the Resources Minister determines, by legislative instrument, that it is not an authority or right of that kind.

(3) This section applies to the following paragraphs in section 2:

(a) paragraph (b) of the definition of access authority ;

(b) paragraph (b) of the definition of exploration permit ;

(c) paragraph (b) of the definition of infrastructure licence ;

(d) paragraph (b) of the definition of pipeline licence ;

(e) paragraph (c) of the definition of production licence ;

(f) paragraph (b) of the definition of retention lease .


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