Registering for PRRT
The due date for lodging the entity's PRRT instalment statement and paying the instalment amount is the 21st day following the end of the instalment period. We may give you further time to lodge and pay.
It's important that we receive the instalment statement by the due date. This is regardless of whether the entity has a payment amount to report or is having difficulty paying.
Make sure your project is registered for PRRT to avoid processing delays. To register, complete an Application to register for petroleum resource rent tax (PRRT) (NAT 9847).
How to lodge
You can lodge PRRT instalment statements using Online services for business.
Alternatively, you can make a copy of your statement and any attachments and post them to:
AUSTRALIAN TAXATION OFFICE
PO BOX 3130
PENRITH NSW 2740
Remember to post the statement in time for us to receive it by the due date.
You can also fax the statement and attachments to 1300 730 298.
Keep the originals for your own records.
How to pay
Payments options are available on the How to pay page.
If you can't lodge and pay on time, there are options you can access to meet your obligations.
A penalty may apply if you fail to lodge on time. A general interest charge will apply to any amount not paid by the due date.
Correcting PRRT instalment statement mistakes
To correct a mistake or omission in your instalment statement, you can lodge a new PRRT instalment statement for the project to correct the previous statement. If you are lodging a new PRRT instalment statement, make sure you indicate the revision number by inserting it in the box provided on the top right-hand side of the first page of the statement.
Complete the statement in full, answering all questions (not just those questions relating to the changes).
For further assistance in revising a PRRT instalment statement, phone us on 13 28 66.
Record keeping
You must keep records that support and explain all transactions and other acts engaged in that are relevant for the purpose of ascertaining your PRRT liability.
Records must be retained for a period of 7 years after the completion of the transactions or acts to which they relate.
The records should be in writing and in English, or readily accessible and easily convertible into English.
For more information, see:
- PRRT record keeping for efficient record keeping for PRRT.
- Record keeping for business for essential record keeping for businesses.