Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)
Schedule 4 Starting base for onshore petroleum projects and the North West Shelf project
Part 1 Main amendments
Petroleum Resource Rent Tax Assessment Act 1987
15 After subsection 48A(7)
Insert:
Time when purchaser taken to have incurred expenditure to which paragraph (5)(ca) applies
(7A) Expenditure that the purchaser, or any of the purchasers, is taken by paragraph (5)(ca) to have incurred is taken to have been so incurred in the first financial year in relation to which section 35E applies in relation to the project.
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