Taxation Laws Amendment Act (No. 6) 2001 (169 of 2001)

Schedule 1   Petroleum Resource Rent Tax

Part 2   The 5 year rule

Petroleum Resource Rent Tax Assessment Act 1987

12   Clause 1 of Schedule 1 (paragraph (b) of the definition of relevant pre-commencement day )

Omit "before the issue of the oldest production licence to which the project relates", substitute "the earliest date specified in a notice issued under subsection 41(3) of the Petroleum (Submerged Lands) Act 1967 in relation to a production licence to which the project relates".

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