{"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":{"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 is a very short law that does one specific thing: it makes sure the government can legally charge interest on late payments related to petroleum resource rent tax.\n\n**What it does:**\n- **Imposes a tax called \"instalment transfer interest charge\"** — this is interest that companies pay when they transfer tax instalment credits between different petroleum projects and end up owing money.\n- **Why it exists:** The government needed to make absolutely sure this interest charge counts as a \"tax\" under the Constitution. This matters because the Australian Constitution has strict rules about what the federal government can tax and how. By explicitly calling it a tax in this separate Act, the government protects itself from legal challenges arguing the charge isn't a valid tax.\n\n**Who it affects:**\n- Oil and gas companies operating in Australia who pay Petroleum Resource Rent Tax (PRRT) — a tax on profits from extracting petroleum resources.\n- Specifically, companies that move tax instalment credits between projects (called \"instalment transfers\") and trigger interest charges.\n\n**Why it matters:**\nWithout this law, there was a risk that interest charged on these instalment transfers could be challenged in court as not being a valid tax. This short Act removes that legal uncertainty and ensures the government can collect the money it's owed."}},"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"}}