Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 1 Extension to onshore projects etc.

Repeal the definition, substitute:

retention lease area means:

(a) a petroleum retention lease area within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; or

(b) the area covered by an authority or right mentioned in paragraph (b) of the definition of retention lease .