PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987
PART V
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LIABILITY TO TAXATION
Division 3
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Deductible expenditure
SECTION 36C
36C
UPLIFTED FRONTIER EXPENDITURE
For the purposes of this Act, the amount of uplifted frontier expenditure that a person is taken to have incurred in a financial year in relation to a petroleum project is worked out as follows:
For the purposes of this Act, the amount of uplifted frontier expenditure that a person is taken to have incurred in a financial year in relation to a petroleum project is worked out as follows:
| Designated frontier expenditure actually
incurred by the person in the financial year in relation to the petroleum project |
× 150% |
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