Petroleum Resource Rent Tax Assessment Regulation 2015
32Exclusion of certain costs of integrated operation
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32 Exclusion of certain costs of integrated operation
For the purposes of step 2 of the residual pricing method, exclude a cost associated with the integrated operation if it is one of the following: (a) an exploration cost under section 37 of the Act; (b) a cost incurred in carrying out a feasibility or environmental study before the production of project sales gas; (c) a cost incurred in removing infrastructure facilities used for an integrated GTL operation; (d) an environment or site restoration cost; (e) expenditure listed in paragraphs 44(1)(a) to (h) of the Act.