PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987
PART II
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INTERPRETATION
SECTION 6
6
TERMINATION OF USE OF PROPERTY IN RELATION TO A PETROLEUM PROJECT
For the purposes of this Act:
(a) a termination of the use of all property in relation to a petroleum project shall be taken to occur where the production licence or all of the production licences in relation to the project cease to be in force; and
(b) no termination of the use of property in relation to a petroleum project shall be taken to occur by reason of the specifying of the production licence or production licences in relation to the project in a project combination certificate.
For the purposes of this Act:
(a) a termination of the use of all property in relation to a petroleum project shall be taken to occur where the production licence or all of the production licences in relation to the project cease to be in force; and
(b) no termination of the use of property in relation to a petroleum project shall be taken to occur by reason of the specifying of the production licence or production licences in relation to the project in a project combination certificate.
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