Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Act 2019 (43 of 2019)
Schedule 2 Removing onshore projects from the petroleum resource rent tax
Part 1 Amendment of the Petroleum Resource Rent Tax Assessment Act 1987
Petroleum Resource Rent Tax Assessment Act 1987
60 Paragraph 48A(5)(ca)
Repeal the paragraph, substitute:
(ca) if section 35E did not apply immediately before the transfer time - to have incurred starting base expenditure, in relation to the project, of the transfer percentage of the starting base amount in relation to the vendor's interest; and
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