Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 7 Miscellaneous amendments
Part 1 Amendments commencing on the day after this Act receives the Royal Assent
Petroleum Resource Rent Tax Assessment Act 1987
23 Subparagraph 31(1)(b)(ii) of Schedule 1
Repeal the paragraph, substitute:
(ii) if section 41 applies to the expenditure - the company taken under subparagraph 41(1)(a)(ii) to have made the payment of the expenditure held the loss interest in the transferring entity.