Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 1   Resource rent taxation

Petroleum Resource Rent Tax Assessment Act 1987

124   Section 58Q

Omit all the words after "section 48 applies", substitute:

as if, at that time:

(a) each of the person's interests in onshore petroleum projects just before that time had been transferred to the head company or provisional head company; and

(b) the head company or provisional head company had given the consideration referred to in paragraph 48(1A)(c).