44Notional tax amount when RPM price not used

44 Notional tax amount when RPM price not used

For the purposes of paragraph 97(1AA)(b) of the Act, if any of the following is used in working out assessable petroleum receipts for a person under section 19 or 20 of this instrument: (a) the comparable uncontrolled price; (b) the consideration received or receivable, less any expenses payable, by the person in relation to the sale; (c) an advance pricing arrangement; the amount that is to be included in calculating the current period liability under subsection 97(1A) of the Act is the amount of assessable petroleum receipts worked out under section 19 or 20 of this instrument.