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  • Instructions for PRRT instalment statement

    Read these instructions before completing the Petroleum resource rent tax (PRRT) instalment statement (NAT 9848).

    Lodge an instalment statement for the entity's interest in a petroleum project for an instalment period if the entity either:

    • is liable to pay an instalment amount for that petroleum project for that instalment period
    • lodged an instalment statement for that petroleum project for a previous instalment period in the same year of tax.
    Attention

    Do not lodge an instalment statement for the entity's interest in an exploration permit or retention lease.

    End of attention

    Complete a separate PRRT instalment statement for the entity's interest in each petroleum project.

    Attention

    Consolidation does not alter the fact that PRRT is calculated separately for each project.

    For example, members of a wholly-owned group hold a number of interests in three separate onshore petroleum projects. Upon consolidating the three projects for PRRT, the head company

    • is taken to hold a single interest in each of the three projects
    • is responsible for the PRRT obligations for each project

    lodges three instalment statements for each instalment period – one for each project.

    End of attention

    All amounts on the PRRT instalment statement need to be expressed in Australian dollars. Round down to whole-dollar amounts (do not include cents).

    Find out more

    refer to the Petroleum Resource Rent Tax Assessment Act 1987.

    End of find out more

    PRRT instalment statement information

    If this is a revision to a previously lodged PRRT instalment statement, indicate the revision number in the box provided (1 for first revision, 2 for second revision, and so on). Fill out the form in full. Do not insert only the information affected by the revision.

    Find out more

    Correcting PRRT instalment statement mistakes.

    End of find out more

    The year of tax for PRRT begins on 1 July and ends on 30 June the following year. Insert the relevant years to signify the start and the end of the year of tax.

    Place an X in the appropriate box to indicate the applicable instalment period.

    Last modified: 19 Feb 2014QC 56562