Tax Laws Amendment (2009 Measures No. 3) Act 2009 (47 of 2009)

Schedule 3   Petroleum resource rent tax

Part 3   Processing of internal petroleum

Petroleum Resource Rent Tax Assessment Act 1987

31   Paragraph 37(1)(c)

Repeal the paragraph, substitute:

(c) in procuring another person to stabilise, transport, store, recover or process petroleum recovered from the eligible exploration or recovery area (other than any production licence area) in relation to the project, if that stabilisation, transportation, storage, recovery or processing constitutes:

(i) the processing of internal petroleum in relation to the project; or

(ii) the processing of external petroleum in relation to another petroleum project;