Document ID: chunk:federal_register_of_legislation:C2012A00018:clause:2_16
Version: federal_register_of_legislation:C2012A00018
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 77257–78169

16  Adjusted interim expenditure amounts
 (1) If:
 (a) under Part 2, the book value approach is the valuation approach for an interest in an onshore petroleum project or the North West Shelf project; and
 (b) a person holding an interest in the project incurred an amount of interim expenditure relating to the interest;
there is an adjusted interim expenditure amount relating to the interest.
 (2) The adjusted interim expenditure amount is as follows:
where:
long term bond rate for the interim valuation period is the long term bond rate for the interim valuation period under subclause (3).
n is the number of days in the interim valuation period, divided by 365.
 (3) The interim valuation period for an amount of interim expenditure is the period:
 (a) starting on the day on which the person holding the interest in the petroleum project incurred the amount; and
 (b) ending at the end of 30 June 2012.