Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 4   Starting base for onshore petroleum projects and the North West Shelf project

Part 1   Main amendments

Petroleum Resource Rent Tax Assessment Act 1987

17   Transitional

For the purposes of applying clause 13 of Schedule 2 to the Petroleum Resource Rent Tax Assessment Act 1987 in relation to working out the market value of a starting base asset, disregard any liability relating to receipts to which subitem 13(1) of Schedule 2 to the Petroleum Resource Rent Tax Assessment Amendment Act 2012 applies.