Petroleum Resource Rent Tax Assessment Act 1987
For the purposes of this Act, a reference to the deductible expenditure incurred by a person in a financial year in relation to a petroleum project (not being an ineligible project in relation to the financial year) is a reference to the total expenditure of the following kinds incurred by the person in the financial year in relation to the project:
(a) class 1 augmented bond rate general expenditure;
(b) class 1 augmented bond rate exploration expenditure;
(c) class 2 uplifted general expenditure;
(d) class 1 GDP factor expenditure;
(e) class 2 uplifted exploration expenditure;
(f) class 2 GDP factor expenditure;
(fa) resource tax expenditure;
(fb) (Repealed by No 43 of 2019)
(fc) starting base expenditure;
(g) closing-down expenditure.
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