- Date
-
13 Feb 2019
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Offshore Petroleum and Greenhouse Gas Storage Act 2006
and Petroleum Resource Rent Tax Assessment Act 1987
to reduce the uplift rates that apply to certain categories of carried-forward expenditure; Petroleum Resource Rent Tax Assessment Act 1987
to remove onshore projects from the scope of the petroleum resource rent tax (PRRT); and Excise Tariff Act 1921
and Income Tax Assessment Act 1997
to remove certain exclusions from the PRRT that are no longer necessary following the exclusion of onshore petroleum projects.