• Section B: Receiving entity and project information

    Insert the entity information of the entity with the interest in the petroleum project to which the exploration expenditure is being transferred (the receiving entity).

    Attention

    For a project to be eligible to receive transferred exploration expenditure, it needs to have a notional taxable profit against which the transferred expenditure can be offset.

    End of attention

    Insert the following information – the receiving entity's:

    • Australian business number (ABN) at question 3
    • legal name at question 4.
    Attention

    The transferring and receiving entity details will be the same if the entity is transferring exploration expenditure from one or more of its interests in an exploration permit, retention lease, petroleum project or combined project to another of its petroleum projects. You should still provide the entity details at questions 3 and 4.

    End of attention

    Question 5: Does the receiving project have a PRRT registration number?

    If the petroleum project does not yet have a registration number, place an X in the 'No' box. If the interest in the petroleum project is an interest in:

    • a production licence, place an X in the 'Production licence' box and insert the production licence number in the 'Production licence or combination certificate number' box
    • a combined project, place an X in the 'Combined project' box and insert the combination certificate number in the 'Production licence or combination certificate number' box.
    Attention

    If there is no combination certificate number on the combination certificate, insert the first production licence number listed on the combination certificate.

    End of attention

    If the interest in the petroleum project is an interest in the North West Shelf project or Bass Strait project, place an X in the 'Production licence' box and leave the 'Production licence or combination certificate number' box blank.

    If the entity has a PRRT registration number for its interest in the petroleum project, place an X in the 'Yes' box and insert the PRRT registration at question 4.

    If the receiving entity has a PRRT registration number for the receiving project, place an X in the 'Yes' box and insert the PRRT registration number.

    Last modified: 19 Feb 2014QC 26734