Instructions for PRRT instalment statement

Instructions to help you lodge an instalment statement for a petroleum project under petroleum resource tax (PRRT).

In these instructions

• PRRT instalment statement information
• Section A: Entity information
• Section B: Details of petroleum project
• Section C: Calculation of notional tax amount in relation to instalment period
• Section D: Declaration
• Lodge and pay
• Correcting PRRT instalment statement mistakes
• Record keeping

PRRT instalment statement information

An instalment statement lodgment for an instalment period under petroleum resource tax (PRRT) is required if the entity is either:

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

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

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

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

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.

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.