Disclaimer This edited version has been archived due to the length of time since original publication.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. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your written advice
Authorisation Number: 1012974064254
Date of advice: 24 February 2016
Ruling
Subject: Change to retention lease boundaries
Question 1
Was the renewed retention lease X taken to be a continuation of the original authority under paragraph 4(1)(d) of the Petroleum Resource Rent Tax Assessment Act 1987?
Answer
Yes
Question 2
Was the renewed retention lease Y taken to be a continuation of the original authority under paragraph 4(1)(d) of the Petroleum Resource Rent Tax Assessment Act 1987?
Answer
Yes
This ruling applies for the following period:
Period ending 30 June 2016
The scheme commences in:
Period ending 30 June 2016
Relevant facts and circumstances
The Commissioner has ruled on each of the questions.