Treasury Laws Amendment (Timor Sea Maritime Boundaries Treaty) Act 2019 (59 of 2019)

Schedule 2   Other amendments

Income Tax Assessment Act 1997

18   Subsection 995-1(1)

Insert:

JPDA (short for Joint Petroleum Development Area) has the same meaning as it has in the Petroleum (Timor Sea Treaty) Act 2003.

Petroleum Exploration Permit WA-523-P permit area has the meaning given by subsection 417-10(2).

production sharing contract has the meaning given by the *Timor Sea Maritime Boundaries Treaty.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).