Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 6   Other amendments

Part 2   Amendments related to repeal of an Act

Petroleum Resource Rent Tax Act 1987

5   Transitional

To the extent that:

(a) a person has paid or pays, in relation to a year of tax ending before the commencement of this Schedule, an amount in respect of a liability for tax that the Petroleum Resource Rent Tax Act 1987 purported to impose on the person for that year; and

(b) the amount has not been repaid to the person;

the payment of the amount is taken, by this item, to have discharged or to discharge the person's liability to pay tax imposed by the Petroleum Resource Rent Tax (Imposition - General) Act 2012, the Petroleum Resource Rent Tax (Imposition - Customs) Act 2012 or the Petroleum Resource Rent Tax (Imposition - Excise) Act 2012 (as the case requires) in relation to that year of tax.