CTHRepealedLegislation
Petroleum Resource Rent Tax Assessment Regulations 2005
4When an integrated GTL operation exists
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## 4 When an integrated GTL operation exists
(2) The project natural gas of the integrated GTL operation is the petroleum (natural gas) mentioned in paragraph (1)(a) from which sales gas will be produced and processed into liquefied product within the overall operation (including any of that natural gas that is used in that production and processing).
(3) The project sales gas of the integrated GTL operation is the sales gas mentioned in paragraph (1)(b) that will be processed into liquefied product within the overall operation (including any of that sales gas that is used in that processing).
(a) if an election has been made in relation to the integrated GTL operation under regulation 43—the 2012‑13 year of tax; and
(8) The period beginning with the production year and ending with the year of tax in which project sales gas is last processed into project liquid is the operating life of the integrated GTL operation.
(9) If the integrated GTL operation produces a marketable petroleum commodity other than project sales gas, the year of tax in which it is first produced is the MPC production year for the integrated GTL operation.