Petroleum Resource Rent Tax Assessment Act 1987
Where a person derives assessable receipts in a year of tax in relation to a petroleum project, the person shall, unless the person has furnished a return or returns under section 60 in relation to the project in relation to the year of tax, furnish to the Commissioner a return in relation to the project in relation to the year of tax not later than 60 days after the end of the year of tax or such later date as the Commissioner allows.
A return under subsection (1) shall:
(a) be in the approved form;
(b) be furnished in accordance with the regulations;
(c) be signed by or on behalf of the person furnishing the return;
(d) specify, in relation to the petroleum project and the year of tax concerned, the assessable receipts and deductible expenditure of the person; and
(e) contain such other information as is required for the due completion of the form of return.
A return under this section in relation to a petroleum project must be accompanied by a copy of any notice given to the person under subsection 48(3) or 48A(11) in relation to the project:
(a) since the person last gave the Commissioner a return under this section or section 60 in relation to the project; or
(b) if the person has not previously given a return to the Commissioner under this section or section 60 in relation to the project - since the person acquired an entitlement to derive assessable receipts in relation to the project.