Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Act 2019 (43 of 2019)

Schedule 2   Removing onshore projects from the petroleum resource rent tax

Part 2   Amendments of other Acts

Excise Tariff Act 1921

78   Subsection 3(1) (definition of Resource Rent Tax area)

Omit all the words after "for the purposes of", substitute:

the Petroleum Resource Rent Tax Assessment Act 1987, is:

(a) the exploration permit area of an exploration permit other than one of the North West Shelf exploration permits; or

(b) the retention lease area of a retention lease that is related to an exploration permit other than one of the North West Shelf exploration permits; or

(c) the production licence area of a production licence that is related to an exploration permit other than one of the North West Shelf exploration permits.