{"id":"C2006A00079","name":"Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006","slug":"petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006","collection":"act","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"79 of 2006","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":436238,"registerId":"C2006A00079-fast-fetch-1775953489521","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\n \n\n \n\n \n\n \n\n \n\n \n\nPetroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006\n\n \n\nNo. 79, 2006\n\n \n\n \n\n \n\n \n\n \n\nAn Act to impose instalment transfer interest charge as a tax in some circumstances\n\n \n\n \n\n \n\nContents\n\n1 Short title\n\n2 Commencement\n\n3 Imposition\n\n \n\n![](image.001.png)\n\n \n\n \n\nPetroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006\n\nNo. 79, 2006\n\n \n\n \n\n \n\nAn Act to impose instalment transfer interest charge as a tax in some circumstances\n\n[Assented to 30 June 2006]\n\nThe Parliament of Australia enacts:\n\n1  Short title\n\n  This Act may be cited as the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006.\n\n2  Commencement\n\n  This Act commences, or is taken to have commenced, on 1 July 2006.\n\n3  Imposition\n\n (1) Instalment transfer interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax.\n\n (2) In this section:\n\ninstalment transfer interest charge means the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987.\n\n \n\n \n\n \n\n[Minister’s second reading speech made in—\n\nHouse of Representatives on 25 May 2006\n\nSenate on 15 June 2006]\n\n(74/06)\n\n \n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The Act's text confines it to classifying the instalment transfer interest charge as a tax where necessary (s3) and sets commencement (s2). It does not itself alter liability rules or amounts payable under the underlying PRRT provision (s98A is merely defined). No provision in the Act changes the substantive scope of who is liable or how the charge is calculated."},"complexity_factors":["Short, single-purpose statute with limited operative text (s3) — low procedural complexity","Cross-reference to external provision (PRRT Assessment Act 1987, s98A) — requires reading two Acts together","Legal-classification nuance: phrase 'only to the extent to which that charge cannot validly be imposed otherwise than as a tax' introduces interpretive and constitutional questions","Retrospective commencement wording ('commences, or is taken to have commenced, on 1 July 2006') raises timing and transitional complexity","No administrative or enforcement machinery in the Act — implementation depends on existing tax administration rules"],"plain_english_summary":"This Act declares that the “instalment transfer interest charge” (the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987) is imposed as a tax, but only to the extent it cannot validly be imposed otherwise. The Act commenced, or is taken to have commenced, on 1 July 2006.\n\nWho pays: entities liable under the PRRT that incur the instalment transfer interest. What changes mechanically: the measure reclassifies the legal character of that charge (affecting which tax rules and remedies apply) without altering the underlying charge amount."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This legislation has not changed scope — it was always intended to be a narrow, technical constitutional safeguard. The Act does exactly what its title and long title suggest: imposes instalment transfer interest charge as a tax. There is no evidence of scope creep; it remains a single-purpose statute with no expansion beyond its original technical purpose."},"complexity_factors":["Only 3 sections total (Short title, Commencement, Imposition)","Only 1 defined term ('instalment transfer interest charge')","No cross-references to other legislation beyond a single reference to section 98A of the Petroleum Resource Rent Tax Assessment Act 1987","No conditional logic, exceptions, or nested provisions","Extremely narrow scope — imposes exactly one type of charge in exactly one circumstance","Total length is approximately 250 words"],"plain_english_summary":"This short Act makes clear that the interest charged when companies transfer Petroleum Resource Rent Tax instalment credits (the “instalment transfer interest charge”) is a tax. By declaring that charge a tax, it removes constitutional doubt about the Commonwealth’s power to impose and collect that interest.\n\nIt principally affects oil and gas companies that move PRRT instalment credits between projects, ensuring the government can lawfully recover interest on any resulting shortfalls."}},"importantCases":[],"_links":{"self":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006","history":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006/history","analysis":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006/analysis","conflicts":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006/conflicts","importantCases":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006/important-cases","documents":"/api/acts/petroleum-resource-rent-tax-instalment-transfer-interest-charge-imposition-act-2006/documents"}}