Document ID: chunk:federal_register_of_legislation:C2024C00818:section:2:p8
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 2 (pt 8/9)
Character Range: 29314–32086

under Division 280 in Schedule 1 to the Taxation Administration Act 1953.
starting base amount, in relation to a person's interest in a petroleum project, means the amount (if any) assessed as the starting base amount in relation to the person's interest under clause 23 of Schedule 2 as in force before 1 July 2019.
subsidiary has the meaning given by section 2B.
tax means tax imposed by any of the following:
 (a) the Petroleum Resource Rent Tax (Imposition—General) Act 2012;
 (b) the Petroleum Resource Rent Tax (Imposition—Customs) Act 2012;
 (c) the Petroleum Resource Rent Tax (Imposition—Excise) Act 2012.
this Act includes:
 (a) the regulations; and
 (b) Part IVC of the Taxation Administration Act 1953, insofar as that Part relates to this Act.
Torres Strait Islander has the meaning given by subsection 4(1) of the Aboriginal and Torres Strait Islander Act 2005.
transferable exploration expenditure in relation to a person and a financial year, means expenditure that is, according to Schedule 1, transferable by the person in relation to the financial year.
Note 1: the following provisions of Schedule 1 provide for expenditure to be transferable:
• paragraph 7(b)
• paragraph 8(5)(c)
• paragraph 11(b)
• paragraph 12(4)(c)
• subclause 18(1)
• subclause 18(2)
• paragraph 18(3)(e).
Note 2: Special rules apply in relation to the transfer of Greater Sunrise exploration expenditure: see Part 1A of Schedule 1.
Tribunal means the Administrative Review Tribunal.
trustee includes:
 (a) a person appointed or constituted trustee by act of parties, by order or declaration of a court, or by operation of law; or
 (b) an executor, administrator or other personal representative of a deceased person; or
 (c) a guardian or committee; or
 (d) a receiver or receiver and manager; or
 (e) a liquidator of a company; or
 (ea) an administrator, within the meaning of the Corporations Act 2001, of a company; or
 (eb) an administrator of a deed of company arrangement executed by a company under Part 5.3A of that Act; or
 (f) a person:
 (i) having or taking upon himself or herself the administration or control of any real or personal property affected by any express or implied trust;
 (ii) acting in any fiduciary capacity; or
 (iii) having the possession, control or management of any real or personal property of a person under any legal or other disability.
unincorporated association does not include a joint venture.
uplifted frontier expenditure has the meaning given by section 36C.
Western Greater Sunrise area has the same meaning as in the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
year of tax, in relation to a person in relation to a petroleum project, means a financial year commencing on or after the applicable commencement date, being: