Petroleum Resource Rent Tax Assessment Act 1987

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
accounting standard	means:	Corporations Act 2001
auditing standard	means:	Corporations Act 2001
CGT	asset has the meaning given by subsection 995 ‐ 1(1) of the Income Tax Assessment Act 1997 .	Petroleum Resource Rent Tax Assessment Act 1987
CGTasset	has the meaning given by subsection 995 ‐ 1(1) of the Income Tax Assessment Act 1997 .	Petroleum Resource Rent Tax Assessment Act 1987
hold	, in relation to a starting base asset, has the meaning given by clause 11.	Petroleum Resource Rent Tax Assessment Act 1987
interim expenditure	, in relation to a personâs starting base asset relating to a petroleum project, has the meaning given by clause 15.	Petroleum Resource Rent Tax Assessment Act 1987
project activity	: a thing done is a project activity in relation to a petroleum project if it is done in carrying on or providing the operations, facilities and other things (including services and amenities) of a kind referred to in section 37 or 38 in relation to the project.	Petroleum Resource Rent Tax Assessment Act 1987	Petroleum Resource Rent Tax Assessment Act 1987 - 37 Transfer years that start before 1 July 2019âexpenditure incurred in a standard uplift expenditure year