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

Schedule 6   Other amendments

Part 3   Other amendments

Excise Tariff Act 1921

7   Subsection 3(1) (definition of Resource Rent Tax area )

Repeal the definition, substitute:

Resource Rent Tax area means an area that, for the purposes of the Petroleum Resource Rent Tax Assessment Act 1987:

(a) is the:

(i) exploration permit area of an exploration permit other than one of the North West Shelf exploration permits; or

(ii) retention lease area of a retention lease that is related to an exploration permit other than one of the North West Shelf exploration permits; or

(iii) production licence area of a production licence that is related to an exploration permit other than one of the North West Shelf exploration permits; and

(b) is not an onshore area within the meaning of that Act.