Instructions for notification of PRRT instalment transfer interest charge

Read these instructions before completing the Notification of PRRT instalment transfer interest charge (NAT 16121).

Complete a separate notification of PRRT instalment transfer interest charge for the entity's interest in each petroleum project for which an instalment transfer interest charge has arisen.

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

If a choice to be bound by the functional currency rules was in place for the year of tax, use the same functional currency translation rate to translate the relevant amounts into Australian dollars for the notification as the rate used in the relevant PRRT instalment statement.

For more information you can:

• refer to Lodging, reporting and paying for PRRT
• visit our website ato.gov.au/prrt
• phone us on 13 28 66 between 8:00 am and 6:00 pm, Monday to Friday
• refer to the Petroleum Resource Rent Tax Assessment Act 1987.

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