Instructions for notification of transfer of PRRT exploration expenditure

Read these instructions before completing the Notification of transfer of petroleum resource rent tax (PRRT) exploration expenditure (PDF, 199KB) This link will download a file(NAT 9849a).

Complete a separate notification for the entity's interest in each petroleum project to which the transferring entity is transferring exploration expenditure.

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

Find out about:

• refer to Transfers of PRRT exploration expenditure
• visit our website ato.gov.au/prrt
• phone us on 13 28 66 between 8.00am and 6.00pm, 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.

Exploration expenditure can only be transferred if the common ownership tests are satisfied from the time the expenditure was incurred to the date of transfer.