Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)
Schedule 5 Petroleum exploration incentives
Petroleum Resource Rent Tax Assessment Act 1987
13 Paragraph 15(3)(b) of the Schedule
Omit "the exploration expenditure incurred", substitute "any exploration expenditure (other than designated frontier expenditure) incurred, or any uplifted frontier expenditure taken to be incurred,".
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).