PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987

PART V - LIABILITY TO TAXATION  

Division 3 - Deductible expenditure  

SECTION 36A   36A   DESIGNATED FRONTIER AREAS FOR 2004  


For the purposes of the definition of designated frontier area , the following areas are specified:


(a) Area T04-5, as first gazetted in the Tasmanian Government Gazette on 5 May 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;


(b) Areas W04-2, W04-4, W04-15 and W04-16, as first gazetted in the Western Australia Government Gazette on 30 March 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;


(c) Area NT04-3, as first gazetted in the Northern Territory Government Gazette on 14 April 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 .

Note:

An amount of exploration expenditure incurred in respect of an area that is specified under this section might be increased by 150% (before the amount is further increased under Schedule 1 ): see section 36C .




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