Who should complete this notification

Any entity that enters into a transaction to transfer an entitlement to derive future assessable receipts from a petroleum title provides the Petroleum resource rent tax (PRRT) notification of transfer of an interest in a petroleum title (PDF, 268KB)This link will download a file (NAT 15475) to the purchaser.

The vendor must provide the notification to the purchaser within 60 days of the later of either:

• entering into the transaction
• the purchaser giving consideration for the entitlement and property.

The purchaser must provide a copy of the completed notification to us when it lodges a PRRT return for the transferred interest.