Petroleum Resource Rent Tax Assessment Act 1987
36ADesignated frontier areas for 2004
Start here
Get a plain-English read of 36A
Turn the raw legal text into a practical explanation grounded in Petroleum Resource Rent Tax Assessment Act 1987.
36A Designated frontier areas for 2004
For the purposes of the definition of designated frontier area, the following areas are specified: (a) Area T04‑5, as first gazetted in the Tasmanian Government Gazette on 5 May 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967; (b) Areas W04‑2, W04‑4, W04‑15 and W04‑16, as first gazetted in the Western Australia Government Gazette on 30 March 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967; (c) Area NT04‑3, as first gazetted in the Northern Territory Government Gazette on 14 April 2004 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967.
Note: An amount of exploration expenditure incurred in respect of an area that is specified under this section might be increased by 150% (before the amount is further increased under Schedule 1): see section 36C.