## 43 Election to use modified residual pricing method—integrated GTL operation existing before 2 May 2010 (1) The participants in an integrated GTL operation that first processed project sales gas into project liquid before 2 May 2010 may elect to use a modified form of the residual pricing method. (i) the day on which the participants must give to the Commissioner a starting base return under subclause 22(2) of Schedule 2 to the Act; or > Note: If an election has been made under this regulation, a number of provisions in these Regulations apply or operate differently. The differences include changes to the rules about capital costs (regulations 31 and 31A), and a reduction in the number of phases in an operation (regulation 6).

Previous section42Election to use residual pricing method—participant in onshore GTL operation Next section44Election to use depreciated replacement cost method—integrated onshore operation existing before 2 May 2010

Section 43 - Petroleum Resource Rent Tax Assessment Regulations 2005 - Election to use modified residual pricing method—integrated GTL operation existing before 2 May 2010 — Zoe