Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)
Schedule 5 Petroleum resource rent tax deductions cap
Petroleum Resource Rent Tax Assessment Act 1987
1 Section 2 (definition of apportionment percentage figure)
Repeal the definition, substitute:
apportionment percentage figure :
(a) in relation to a year of tax - has the meaning given by subsection 2C(2); and
(b) in relation to any other period - has the meaning given by subsection 2C(3).
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