Petroleum Resource Rent Tax Assessment Regulation 2015
26Cost‑plus price
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26 Cost‑plus price
The cost‑plus price of an assessable gas for a taxpayer who is a participant in an integrated operation in a year of tax is: Image unavailable in extracted text where:
quantity coefficient means:
(a) for an integrated operation that measures by volume—the volume coefficient for the year of tax; or
(b) for an integrated operation that measures by mass—the mass coefficient for the year of tax.
quantity of assessable gas means the quantity, measured by volume or mass, of the assessable gas that was produced in the operation in the year of tax.
upstream capital costs means the total amount of upstream capital costs incurred by the participants and allocated to the year of tax (see section 30).
upstream operating costs means the total amount of upstream operating costs incurred by the participants in the year of tax (see section 30).