PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)
For paragraph 97(1AA)(b) of the Act, if any of the following is used in working out assessable petroleum receipts for a person under regulation 14 , 15 or 16 :
(a) the comparable uncontrolled price;
(b) the consideration received or receivable, less any expenses payable, by the person in relation to the sale;
(c) an advance pricing arrangement;
the amount that is to be included in calculating the current period liability under subsection 97(1A) of the Act is the amount of assessable petroleum receipts worked out under regulation 14 , 15 or 16 .
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