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%


 

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