Petroleum Resource Rent Tax Assessment Act 1987

PART V - LIABILITY TO TAXATION  

Division 3 - Deductible expenditure  

SECTION 36C  

36C   UPLIFTED FRONTIER EXPENDITURE  

For the purposes of this Act, the amount of uplifted frontier expenditure that a person is taken to have incurred in a financial year in relation to a petroleum project is worked out as follows:

Designated frontier expenditure actually incurred by the person in the financial year in relation to the petroleum project

×   150%