Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 7 Miscellaneous amendments
Part 1 Resource rent taxation
Petroleum Resource Rent Tax Assessment Act 1987
124 Section 58Q
Omit all the words after "section 48 applies", substitute:
as if, at that time:
(a) each of the person's interests in onshore petroleum projects just before that time had been transferred to the head company or provisional head company; and
(b) the head company or provisional head company had given the consideration referred to in paragraph 48(1A)(c).
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