Complete one row of section C for each interest in an exploration permit, retention lease, petroleum project or combined project from which exploration expenditure is being transferred.
If the entity is transferring exploration expenditure to the receiving project from more than five petroleum interests, complete and attach as many section Cs as necessary to provide information on all interests which are transferring exploration expenditure to the receiving project.
At the top of the page, insert the number of each section C in the first set of boxes and insert the total number of completed section Cs for this receiving project in the second set of boxes.
Insert at label A the total amount of exploration expenditure incurred by the transferring entity which is being compounded and transferred to the receiving project.
Insert at label B the total amount of compounded exploration expenditure being transferred to the receiving project. That is, the amount shown in label A compounded by the augmented bond rate or GDP factor as applicable.
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The amount of exploration expenditure being transferred from a previous year should be compounded by the augmented bond rate or GDP factor as applicable.
To work out whether the augmented bond rate or GDP factor is applicable to compound the expenditure, refer to PRRT deductible expenditure.
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If the project from which expenditure is being transferred has a PRRT registration number, insert the PRRT registration number. If there is no PRRT registration number, insert the retention lease number or exploration permit number.
Last modified: 19 Feb 2014QC 26734