Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)
Schedule 3 Deductible expenditure
Petroleum Resource Rent Tax Assessment Act 1987
11 Paragraph 34A(1)(a)
Repeal the paragraph, substitute:
(a) any amount of class 2 general project expenditure actually incurred by the person in relation to the project in the financial year, not being expenditure incurred more than 5 years before the earlier of the following:
(i) the day specified in the production licence notice in relation to the project;
(ii) the day the production licence was issued in relation to the project; and
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