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  • Instructions for PRRT return

    Read these instructions before completing the Petroleum resource rent tax (PRRT) return (NAT 9849).

    Complete a separate PRRT return in relation to the entity's interest in each petroleum project.


    If the entity is lodging its first PRRT return for its interest in the petroleum project (and the entity is not lodging a PRRT starting base return in the year of tax), attach the Petroleum resource rent tax (PRRT) deductible expenditure schedule (NAT 74264). Without the PRRT deductible expenditure schedule, the PRRT return may be taken not to have been lodged.

    For more information, refer to Instructions for PRRT deductible expenditure schedule.

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

    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 will:

    • be taken to hold a single interest in each of the three projects
    • be responsible for the PRRT obligations for each project
    • lodge three PRRT returns for each year of tax – one for each project.
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    All amounts on the PRRT return need to be expressed in Australian dollars. Round down to whole dollar amounts (do not include cents).

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    For more information you can:

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    PRRT return information

    If this is an amendment to a previously lodged PRRT return, indicate the amendment number in the box provided (1 for first amendment, 2 for second amendment, and so on). Fill out the form in full. Do not just provide the information affected by the amendment.

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    See 'Correcting mistakes in a PRRT return'.

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

    Last modified: 17 Jun 2013QC 26733