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
11 Clause 5 of Schedule 1 (paragraph (a) of the definition of notional taxable profit)
After "starting base expenditure", insert ", augmented denied deductible expenditure".
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