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This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law.

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Edited version of your private ruling

Authorisation Number: 1012499658732

Ruling

Subject: Petroleum Resource Rent Tax Assessment Act 1987.

Issue:

The issue concerned the tax consequences for an entity who is party to a transaction under an agreement

The Commissioner has ruled on each of the specific questions.