Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Act 2019 (43 of 2019)

Schedule 1   Reform of the petroleum resource rent tax

Part 1   Uplifts for general expenditure for new projects

Petroleum Resource Rent Tax Assessment Act 1987

5   Subsection 34A(5)

Insert:

post-June 2019 licence : a production licence is a post-June 2019 licence if the earlier of the following is on or after 1 July 2019:

(a) if a notice was given under subsection 258(7) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 in relation to the application for the licence - the date specified in the notice as the last date on which information was provided;

(b) the day the production licence is granted.