PETROLEUM RESOURCE RENT TAX ASSESSMENT REGULATIONS 2005 (REPEALED)

PART 3 - ASSESSABLE PETROLEUM RECEIPTS  

REGULATION 18   ADVANCE PRICING ARRANGEMENTS  

18(1)    
The Commissioner may, at the request of a participant in an integrated operation, make an agreement ( advance pricing arrangement ) with the participant about how the assessable petroleum receipts of the participant are to be calculated in relation to project sales gas or project natural gas to which paragraph 24(1)(d) , (e) or (f) of the Act applies

18(2)    
An advance pricing arrangement must specify:

(a) the term of the arrangement; and

(b) how the assessable receipts of the participant are to be calculated; and

(c) conditions under which the arrangement will apply.