PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)
The cost-plus price of an assessable gas for a taxpayer who is a participant in an integrated operation in a year of tax is:
|
(UCC
×
QC) + UOC
QAG |
QAG
(quantity of assessable gas) is the quantity, measured by volume or mass, of the assessable gas that was produced in the operation in the year of tax.
(a) for an integrated operation that measures by volume - the volume coefficient for the year of tax; and
(b) for an integrated operation that measures by mass - the mass coefficient for the year of tax.
UCC
(upstream capital costs) is the total amount of upstream capital costs incurred by the participants and allocated to the year of tax (see regulation
25
).
UOC
(upstream operating costs) is the total amount of upstream operating costs incurred by the participants in the year of tax (see regulation
25
).
View history note
Hide history note
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
