Document ID: chunk:federal_register_of_legislation:C2024C00818:front:0:p4
Version: federal_register_of_legislation:C2024C00818
Segment Type: other
Provision Reference: 
Character Range: 8591–11061

5 Interpretation
6 Matters dealt with in this Part
7 What happens if there is no notional taxable profit
8 What happens if there is a notional taxable profit
Part 3—Class 2 GDP factor expenditure and transferable exploration expenditure
9 Interpretation
10 Matters dealt with in this Part
11 What happens if there is no notional taxable profit
12 What happens if there is a notional taxable profit
Part 4—Transferable exploration expenditure not incurred in relation to a project
13 Matters dealt with in this Part
14 Assumptions on which amounts to be worked out
15 Non‑transferable expenditure
16 Amounts to be worked out
17 What happens if the notional assessable receipts equal or exceed the notional deductible expenditure
18 What happens if the notional deductible expenditure exceeds the notional assessable receipts
Part 5—General rules relating to transfer of exploration expenditure
19 Interpretation
20 Matters dealt with in this Part
21 Rule—must be a notional taxable profit in relation to receiving project
22 Rule—person must have held interests in relation to transferring entity and receiving project
23 Rule—transfer to project with most recent production licence
24 Rule—restriction on transfer of standard uplift expenditure
25 Rule—restriction on transfer of GDP expenditure
26 Rule—total transferred not to exceed notional taxable profit
Part 6—Rules relating to transfer of exploration expenditure between group companies
27 Interpretation
28 Situations to which this Part applies
29 Matters dealt with in this Part
30 Rule—must be a notional taxable profit in relation to profit company and receiving project
31 Rule—continuity of interest within company group
32 Rule—transfer to project with most recent production licence
33 Rule—restriction on transfer of standard uplift expenditure
34 Rule—restriction on transfer of GDP expenditure
35 Rule—total transferred not to exceed notional taxable profit
Part 7—Compounding of transferred amounts
36 Matters dealt with in this Part
36A Transfer years that start on or after 1 July 2019
37 Transfer years that start before 1 July 2019—expenditure incurred in a standard uplift expenditure year
38 Transfer years that start before 1 July 2019—expenditure incurred in a GDP expenditure year
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

An Act about petroleum resource rent tax, and for related purposes

Part I—Preliminary