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

Schedule 4   Starting base for onshore petroleum projects and the North West Shelf project

Part 1   Main amendments

Petroleum Resource Rent Tax Assessment Act 1987

9   Subsection 34A(5) (at the end of the definition of class 2 general project expenditure )

Add "(other than acquired exploration expenditure or starting base expenditure)".