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.