Petroleum Resource Rent Tax Assessment Act 1987
For the purposes of this Division, a reference to consideration receivable, to value receivable or to an amount receivable does not include an amount equal to:
(a) any GST payable on the supply for which the consideration, value or amount was receivable; or
(b) any increasing adjustments that relate to that supply.
22B(2)
For the purposes of this Division, a reference to the sale price of property does not include an amount equal to:
(a) any GST payable on the sale; or
(b) any increasing adjustments that relate to that sale.
22B(3)
For the purposes of this Division, a reference to expenses payable in relation to a sale does not include an amount equal to:
(a) any input tax credit to which you are entitled; or
(b) any decreasing adjustment that you have;
in relation to those expenses.
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