PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)
For Step 2 of the residual pricing method, a cost associated with an integrated operation is excluded from the costs of the operation if it is one of the following:
(a) an exploration cost under section 37 of the Act;
(b) a cost incurred in carrying out a feasibility or environmental study before the production of project sales gas;
(c) a cost incurred in removing infrastructure facilities used for an integrated operation;
(d) an environment or site restoration cost;
(e) expenditure listed in paragraphs 44(a) to (h) of the Act.
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