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
9 Subsection 34A(5) (at the end of the definition of class 2 general project expenditure )
Add "(other than acquired exploration expenditure or starting base expenditure)".
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