Petroleum Resource Rent Tax Assessment Act 1987

PART V - LIABILITY TO TAXATION  

Division 2 - Assessable receipts  

SECTION 31  

31   TIME OF DERIVATION OF RECEIPTS  


For the purposes of this Act:


(a) assessable petroleum receipts; or


(aa) assessable tolling receipts; or


(b) assessable exploration recovery receipts; or


(c) assessable property receipts; or


(d) assessable miscellaneous compensation receipts; or


(e) assessable employee amenities receipts; or


(ea) assessable incidental production receipts;

may be derived by a person in relation to a petroleum project:


(f) unless paragraph (g) or (h) applies - at any time, including a time:


(i) before the project commenced or after the project has ceased; or

(ii) before the commencement of this Act; or


(g) in the case of the Bass Strait project - at any time on or after 1 July 1990, including a time after the project has ceased; or


(h) in the case of the North West Shelf project - at any time on or after 1 July 2012, including a time before the project commenced or after the project has ceased.

31(2)    
(Repealed by No 43 of 2019)





This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.