Private ruling: Effect of change in lease areas on deductible expenditure
Date of advice: 3 February 2016
Published: March 2016
Ruling period: Period ending 30 June 20xx | Period ending 30 June 20xx | Period ending 30 June 20xx
Date scheme commenced: Period ending 30 June 20xx

Ruling: Q1: Does the change in the lease areas alter the quantum of deductible expenditure as defined by section 32 of the Petroleum Resource Rent Tax Assessment Act 1987, available to be deducted for Company A prior to the change, in respect of any project or combined project arising from conversion of the lease areas to a production licence? | A1: No

Relevant facts and circumstances: The Commissioner has ruled on the question.